Enabled: Makeup Exam $i$

Prepare the journal entry to record Jevonte Company's issuance of $42,000$ shares of its common stock assuming the shares have a:

a$.$ $$4$ par value and sell for $$20$ cash per share.

b$.$ $$4$ stated value and sell for $$20$ cash per share.

Journal entry worksheet

$12$

Record the issuance of $42,000$ shares of common stock assuming the shares have a $$4$ par value and sell for $$20$ cash per share.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.],[,-,,],[,,,],[,,,],[,,,],[,,,]]$