Bryant Corporation issued 10,000 new shares of its $5 par common stock in conjunction with an employee stock compensation plan.On the date of issuance,the market value of the stock was $50 per share.
Prepare the journal entry to record this transaction.Omit explanations.

Question

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The Answer of Bryant Corporation issued 10,000 new shares of its $5 par common stock in conjunction with an employee stock compensation plan.On the date of issuance,the market value of the stock was $50 per share.
Prepare the journal entry to record this transaction.Omit explanations.

Bryant Corporation Issued 10,000 New Shares of Its $5 Par