A company issues 1,000 shares of its common stock for $30,000 cash. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has neither par value nor stated value. 2. The stock has a $1 stated value. 3. The stock has a $2 par value. View transaction list Journal entry worksheet A The stock has neither par value nor stated value. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal