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16 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan.10Issued71,500shares for cash at $6per share.July1Issued41,500shares for

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

Jan.10Issued71,500shares for cash at $6per share.July1Issued41,500shares for cash at $9per share.

Journalize the transactions, assuming that the common stock has a par value of $6per share.

2-Journalize the transactions, assuming that the common stock is no-par with a stated value of $2per share

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