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1) During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan.10Issued74,500shares for cash at $5per share.July1Issued41,000shares for

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

Jan.10Issued74,500shares for cash at $5per share.July1Issued41,000shares for cash at $10per share.

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

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