common stock at $48 per share. The buyer will pay two equal installments on August 31 and November 30. Exercises Set A (20 MIN) 18A-1. Peter Corporation was authorized to issue 33,000 shares of common stock. Record the journal entry for each of the following independent situations, Peter issues 6,300 shares at $10 on July 20, 201X: a. Common stock has a value. b. Common stock has no pa and no stated value. 6. Common stock is ne par stock with a stated value of $6. 400 shares of common