Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan. 3 Issued 61,000 shares at $10 per...

Extracted text: Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan. 3 Issued 61,000 shares at $10 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank.