During its first year of operations, Blue Spruce Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 27,300 shares for cash at $5 per share. July 1 Issued 61,500 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of \$1 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Common Stock July 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock