Prepare the journal entry to record Jevonte Company's issuance of 38,000 shares of its common stock assuming the shares have a: a. $3 par value and sell for $16 cash per share. b. $3 stated value and sell for $16 cash per share. View transaction that View Journal entry worksheet No Transaction General Journal Dobit Credit 1 Cash Paid In capital in excess of par value, common stock 2 b. Cash Common stock dividend distributable