8. On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $29 on June 13.

What is the par value: ? per share

9. ICOT Industries issued 22 million of its $1 par common shares for $468 million on April 11. Legal, promotional, and accounting services necessary to effect the sale cost $1 million.

Required: 1. Prepare the journal entry to record the issuance of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Do not round your intermediate calculations.)

	Event	General Journal	Credit	Debit
	1	Cash	?	?
		Common stock	?	?
		Paid in capital	?	?