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During its first year of operations, Blossom Company had these transactions pertaining to its common stock. Jan 10 Issued 38,000 shares for cash at $7

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During its first year of operations, Blossom Company had these transactions pertaining to its common stock. Jan 10 Issued 38,000 shares for cash at $7 per share. July 1 Issued 71.000 shares for cashat $8 per share. (a) (b) Your answer is partially correct. Journalize the transactions, assuming that the common stockisno-par with a stated value of $1 per share, (Record journat entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is reauired, select "No Entry" for the account tities and enter of for the amounts.)

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