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During its first year of operations, Concord Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,700 shares for cash at $5

During its first year 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 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. During its first year 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 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

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