During its first year of operations, Blue Spruce Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 71,000 shares for cash at $7 per share. 1 Issued 38,000 shares for cash at $8 per share. July (a) FEST Your answer is partially correct. Journalize the transactions, assuming that the common stock has a par value of $7 per share. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan 10 July 1 V Account Titles and Explanation Common Stock Debit 71000 Credit

During its first year of operations, Blue Spruce Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 71,000 shares for cash at $7 per share. July 1 Issued 38,000 shares for cash at $8 per share. (a) - Youranswer is partially correct. Journalize the transactions, assuming that the common stock has a par value of $7 per share. (Uist all debit entries before credit entries. Record joumal entries in the onder presented in the problem. Credit occount tities ore cutomatically indented when amount is entered. Do not indent manually.) Journalize the transactions, assuming that the conmion stock is no-par with a stated value of $1 per share, flist oll debit entrie before credit entries. Record journol entries in the order presented in the problem. Credit account titier cre outomaticalfy indented when amount is entered. Do not indent manually)