during its first gear of operations, concord corporation had these transactions pertaining to its common stock

Jan. 10 Issued 26,700 shares for cash at $5 per share. July 1 Issued 58,500 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a parvalue of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with astated value of $1 per share