During its first year of operations, Indigo Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 27,000 shares for cash at $5 per share. July Issued 60,000 shares for cash at $8 per share. 1 (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. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit

During its first year of operations, Indigo Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 27.000 shares for cash at $5 per share. July 1 Issued 60,000 shares for cash at $8 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. (Record joumal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit No. Date Account Titles and Explanation Debit Credit (a) (b)