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During its first year of operations, Martinez Corporation had the following transactions pertaining to its common stock. Jan. 10 Mar. 1 July 1 Sept. 1

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During its first year of operations, Martinez Corporation had the following transactions pertaining to its common stock. Jan. 10 Mar. 1 July 1 Sept. 1 Issued 85,000 shares for cash at $6 per share. Issued 5,000 shares to attorneys in payment of a bill for $36,100 for services rendered in helping the company to incorporate. Issued 31,300 shares for cash at $8 per share. Issued 63,200 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share. (b) Prepare the journal entries for these transactions, assuming that the common stock is no par with a stated value of $2 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit (a) Jan. 10 Cash Mar. 1 July 1 v CALCULATOR FULL SCREEN PRINTER VERSION BLACK NEXT (b) - -- Show Work is REQUIRED for this question: Open Show Work

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