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

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Jan. 10 ey alae Instructions

(a) Journalize the transactions, assuming that the common stock has a par value of $4 per share.

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

Issued 70,000 shares for cash at $4 per share.

Issued 30,000 shares for cash at $7 per share.

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