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Recording Stock Issue Costs Stellar Inc. issued 22,000 shares of common stock, $0.01 par value, for $28 per share on March 28 . As part of this transaction, Stellar incurred legal and administrative costs totaling $4,400, paid in cash. Required Prepare the journal entry on March 28 for the issuance of common shares. Recording Stock Issue Costs Stellar inc. issued 22,000 shares of common stock, $0.01 par value, for $28 per share on March 28 . As part of this transaction, Stellar incurred legal and administrative costs totaling $4,400, paid in cash. Required Prepare the journal entry on March 28 for the issuance of common shares