During its first year of operations, Blossom Company had these transactions pertaining to its common stock.

Jan. $10$ Issued $38,000$ shares for cash at $$7$ per share.

July $1$ Issued $71,000$ shares for cash at $$8$ per share.

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