During its first year of operations, Moyer Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 80,000 shares for cash at $5 per share. July 1 Issued 50,000 shares for cash at $7 per share. Instructions Journalize the transactions, assuming that the common stock has a par value of $5 per share. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share