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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

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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. ++ View transaction list View Journal entry worksheet No Debit General Journal Transaction Credit 1 Cash Common stock. $4 par value Paid-in capital in excess of par value, common stock 2 b. Cash Common stock. $4 par value Pald-in capital in excess of par value, common stock

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