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 34,000 shares of its common stock assuming the shares have a: a. $2 par value and sell for $21 cash per share. b. $2 stated value and sell for $21 cash per share. View transaction list Journal entry worksheet ces Record the issuance of 34,000 shares of common stock assuming the shares have a $2 par value and sell for $21 cash per share. Note: Enter debits before credits Credit Transaction Debit 714,000 a. General Journal Cash Common stock, $2 par value Paid-in capital in excess of par value, common stock 68,000 646,000