During its first year of operations, Blue Spruce Corp. had these transactions pertaining to its common stock.

Jan.	10		Issued 25,100 shares for cash at $5 per share.
July	1		Issued 50,500 shares for cash at $9 per share.

(a)

Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

		Assets	=	Liabilities	+	Stockholders Equity
						Paid-in-Capital			+	Retained Earnings
		Cash	=		+	Common Stock	+	PIC in Excess of Par Com.	+	Revenue	-	Expense	-	Dividend
Jan. 10		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an account title Preferred stockInterest expensePaid-in-capital in excess of preferred stockPaid-in-capital in excess of common stockDividendsCommon stock
July 1		enter a dollar amount		enter a dollar amount		enter a dollar amount