QS 11-3 (Algo) Issuance of par and stated value common stock LO P1 Prepare the Journal entry to record Jevonte Company's Issuance of 38,000 shares of its common stock assuming the shares a. $3 par value and sell for $16 cash per share. b. $3 stated value and sell for $16 cash per share. Journal entry worksheet Record the issuance of 38,000 shares of common stock assuming the shares have a $3 par value and sell for $16 cash per share. Note: Enter debits before credits