Answer and Explanation:
The journal entry to record the given transaction is as follows;
Cash (6,000 shares × $14) $84,000
To common stock (6,000 shares × $5) $30,000
To Additional paid in capital $54,000
(Being the issuance of the shares is recorded)
here cash is debited as it increased the assets and credited the common stock and additional paid in capital as it also increased the assets
