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During its first year of operations, Monty Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at

During its first year of operations, Monty Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $7 per share. July 1 Issued 43,000 shares for cash at $10 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $7 per share

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