(Answered) During its first year of operations foyle corporation had

Accounting

During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock.

Jan. 10 Issued 75,000 shares for cash at $7 per share.
July 1
Issued 35,000 shares for cash at $9 per share.

Journalize the transactions, assuming that the common stock has a par value of $7 per share.

Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.

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