1-Orley Company issued 5,000 shares of common stock with a stated value of $10 for $130,000 Instructions Prepare the journal entries to record the above stock transaction. 2-Charleston Corporation has the following accounts at December 31: Common Stock, $10 par 1 5 7,000 shares issued, $70,000; Pald-in Capital in Excess of Par $10,000, Retained Earnings $45,000, and Treasury Stock-Common, 500 shares, $10,000. Instructions Prepare the stockholders' equity section of the balance sheet