During its first year of operations, Culver Corporation had the following transactions pertaining to its common stock. Jan 10 Issued 74,500 shares for cash at $5 per share. July 1 Issued 41,000 shares for cash at $10 per share. Your answer is correct. Journalize the transactions, assuming that the common stock has a par value of $5 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) (b) Date Account Titles and Explanation Jan. 10 V Cash Common Stock July 1 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock eTextbook and Media List of Accounts Debit 372500 410000 Credit 37250 20500 20500 Attempts: 1 of 3 used 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) Date Account Titles and Explanation Debit Credit