How do you journalize the following:

Corning Co. isued 4,000 shares of no par value preferred stock (stated value - $20) for cash at $22 a share

Normally, stock issued at no par value would be recorded at the amount received i.e.

Dr Bank (with proceeds)
Cr Stock (with the same amount)

but, because in this case a stated value ($20) has been given, then this basically gives a par value after all. So you would:

Dr Bank (with proceeds)
Cr Stock (4000x$20)
Cr Additional paid in Capital (4000x$2)