During its first year of operations, Novak Corp. had these transactions pertaining to its common stock. Issued 26,000 shares for cash at $4 per share. Jan. 10 Issued 55,000 shares for cash at $9 per share. July 1 Journalize the transactions, assuming that the common stock has a par value of $4 per share. (a) (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share. (Record journal 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.) Debit Credit No. Date Account Titles and Explanation (a) Jan. 10 Cash 104000 Common Stock 104000 Cash July 1 495000 Common Stock 220000 Paid-in Capital in Excess of Par Value-Common Stock 245000 (b) | Jan. 10 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock July 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock