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

Accounting

During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock.

Jan. 10 Issued 30,000 shares for cash at $5 per share.

July 1 Issued 60,000 shares for cash at $7 per share.

(a) Journalize the transactions, assuming that the common stock has a par value of $5 per share.

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

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