Required: 1. Record the issuance of stock, assuming the stock was no-par value common stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ReferenceseBook & Resources General JournalLearning Objective: 11-01 Explain the role of stock in the capital structure of a corporation. Difficulty: 2 MediumLearning Objective: 11-03 Describe the characteristics of common stock and report common stock transactions. Check my work 4.value: Required information 2. Record the issuance of stock, assuming the common stock had a par value of $1 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).) Use exact numbers please and explain how to journal. Record the issuance of stock, assuming the stock was no-par value common stock

Record the issuance of stock, assuming the common stock had a par value of $1 per share.