During its first year of operations, Monty Corp. had these transactions pertaining to its common stock.

Jan. $10$ Issued $25,900$ shares for cash at $$4$ per share.

July $1$ Issued $54,500$ shares for cash at $$9$ per share.

$($a$)$ Journalize the transactions, assuming that the common stock has a par value of $$4$ 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. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit