Pat Inc. began business on January 1, Year 1. The corporate charter authorized issuance of 5,000 shares of \$1 par value common stock, and 4,000 shares of \$8 par value, 6% cumulative preferred stock. None of the preferred shares were issued. On July 1, Poole issued 1,000 shares of common stock in exchange for two years rent on a retail location. The cash rental price is \$2,400 per month and the rental period begins on July 1.
The correct entry to record the July 1 transaction will include which of these accounts and amounts?
Select ALL that apply.