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 32,000 shares of its common stock assuming the shares have a. 53 par value and sell for $19 cash per share. b. 53 stated value and sell for $19 cash per share. No Transaction Debit Credit Answer is not complete. General Journal Cash Paid-in capital in excess of par value, common stock 1 a 608,000 > 512.000 2 b 608,000 Cash Paid-in capital in excess of stated value common stock 512,000 Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 13,000 shares of its common stock for $244.900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a S16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value. View transaction list Journal entry worksheet