During its first year of operations, Donnivan Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 20,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $6 per share.

I. During its first year of operations, Donnivan Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 20,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $6 per share. Instructions (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. II. DuBois Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $400,000. July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $102 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $10,000. Instructions Prepare the journal entries for the DuBois Co. transactions shown above