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

Jan.	10		Issued 70,000 shares for cash at $5 per share.
July	1		Issued 40,000 shares for cash at $7 per share. 1. Journalize the transactions, assuming that the common stock has a par value of $5 per share. 2. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share