During its first year of operations, Cullumber Corporation had the following transactions pertaining to its common stock.

Jan. $10$ Issued $63,000$ shares for cash at $$7$ per share.

July $1$ Incued $53,000$ shares for eash at $$10$ per share.

$()$

Nour answher is correct.

Journalize the transactions, assuming that the common stock has a par value of $$7$ per share. $($Record journal entries in the order presented in the problem. List all debli entries before aredit entries. Credit acawnt vitles are automatically indented when the amount is entered. Do not indert manually. If no entry is required, select $"$No Entry" for the account tities and enter O for the amounts.$).$

Date

Account Tities and Explanation

Debit

Credit

lan$10vv$

Cach

$441\mathrm{.}000$

Commonstock

Jur $1$

Cash

$\backslash$table$[[$