ABC Corporation issues 8,000 shares of its common stock for $110,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value. 2. The stock has neither par nor stated value. 3. The stock has a $6 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 8,000 shares of $12 par value common stock for $110,500 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal