Nash Inc. issued 1,400 shares of no-par common stock for $27,000. Prepare Nash’s journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation

Debit

Credit

(a)

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

(b)

enter an account title

enter a debit amount

enter a credit amount

enter an account title