Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 150,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 20,000 shares of $12 par preferred stock at $41. a. Journalize the entries for October 31 and November 19. For a compound transaction, if an amount box does not require an entry leave it blank. Oct. 31 Cash Common Stock u Paid-In Capital in Excess of Par-Common Stock Nov. 19 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Feedback Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock