should this transaction De 1e SE11-2. Issuance of No-Par Common Stock Jackson & Company issued 100,000 shares of $1 par value common stock at a price of $5 per share and issued 10,000 shares of no-par value common stock at a price of $10 per share. Prepare the journal entry to record the issuance of the no-par value common stock. How does this entry differ from the entry to record the $1 par value common stock? LO Common Stockholders and Preferred Stockholders The Ar- L e1mmillion to