Penne Pharmaceuticals sold 9 million shares of its $1 par common stock to provide funds for research and development If the issue price is $14 per share, what is the journal entry to record the sale of the shares? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) No Event General Journal Debit Credit Cash 126 Common stock Paid-in capital-excess of par 17