Environmental Designs issues 4,000 shares of its $1 par value common stock at $16 per share. (1) Record the issuance of the stock (2) Record the issuance of the stock assuming it is no-par value stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the issuance of the stock. Note: Enter debits before credits Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal