PROBLEM 2: Dombarton Corporation issued 1,000 shares of stock. Prepare the journal entry for the issuance under the following assumptions. a. The stock had a par value of $5 per share and was issued for a total of $48,000. Date Accounts and Explanation Debit Credit b. The stock had a stated value of $5 per share and was issued for a total of $48,000. Date Accounts and Explanation Debit Credit c. The stock had no par or stated value and was issued for a total of $48,000