S 11-2. Prepare the journal entry to record Miltone Company's issuance of 50,000 shares of $1 par value common stock assuming the shares sell for: a. $1 cash per share b. $3 cash per share QS 11-3. Prepare the journal entry to record Katrick Company's issuance of 75,000 shares of its common stock assuming the shares have a: a. $5 par value and sell for $12 cash per share. b. $5 stated value and sell for $12 cash per share