Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. stock. 1. When only one class of stock is issued, it is called a. common b. preferred c. no-par d. cumulative preferred 2. A journal entry to record the issuance of preferred stock at a premium would include a to a. credit; Cash b. debit; Paid-In Capital in Excess of Par c. debit; Preferred Stock d. credit; Preferred Stock 3. On March 10, Blarney Corporation issued 10,000 shares of no-par common stock at $40 a share. The journal entry to record the issuance of the stock would include a debit to for a. Cash; $10,000 b. Cash; $400,000 c. Common Stock; $400,000 d. Common Stock; $10,000