Answer:
The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share would be                     
                     Debit       Credit
Cash           $330,000
Common stock             $330,000
The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share would be        
                                                              Debit               Credit
Cash                                                    $396,000
Common stock                                                        $330,000
Paid in capital in excess of par value                      $66,000
Explanation:
The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share would be as follows:
                     Debit       Credit
Cash           $330,000
Common stock             $330,000
Par values of the share of common stock=$66,000*5
Par values of the share of common stock=$330,000
The journal entry would be prepared by debiting cash and crediting common stock by $330,000
The journal entry to record Zende Company’s issuance of 66,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share would be as follows:
                                                              Debit               Credit
Cash                                                    $396,000
Common stock                                                        $330,000
Paid in capital in excess of par value                      $66,000
cash=66,000*$6
cash=$396,000
Common stock=$66,000*5=$330,000
Paid in capital in excess of par value=$396,000-$330,000=$66,000