ABC Company issued $10,000$ shares of common stock for $$70,000.$ Match the journal entries under the following conditions.

$\backslash$table$[[$Cash$,,70,000,],[,\backslash$table$[[$Common$],[$Stock$]],50,000,],[,\backslash$table$[[$Paid in$],[$capital$]],,20,000]]$

The stock was no par.

$\backslash$table$[[$Cash$,,70,000,],[,\backslash$table$[[$Common$],[$Stock$]],,70,000]]$

The stock was par $$5.$