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During its first year of operations, Monty Corp. had these transactions pertaining to its common stock:- Jan. 10 Issued 44,500 shares for cash at $7

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During its first year of operations, Monty Corp. had these transactions pertaining to its common stock:- Jan. 10 Issued 44,500 shares for cash at $7 per share. July 1 Issued 74,500 shares for cash at $10 per share. Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Record journal entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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