Prepare the journal entry to record this transaction.

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Sun Corporation issues 500 shares of $8 par common stock for a patent. The stock is currently selling for $37 per share on the open market, and no significant impact on the market price is expected by the issuance of the additional shares.

Prepare the journal entry to record this transaction.

Reference no: EM13869605

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Prepare the journal entry to record this transaction. : Sun Corporation issues 500 shares of $8 par common stock for a patent.
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