During its first year of operations, Sarasota Corporation had the following transactions pertaining to its common stock.

Jan. $10$ Issued $66,500$ shares for cash at $$5$ per share.

July $1$ Issued $43,500$ shares for cash at $$10$ per share.

$($a$)$

Journalize the transactions, assuming that the common stock has a par value of $$5$ per share. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$