During its first year of operations, Sheridan Company had these transactions pertaining to its common stock

Jan. $10$ Issued $41,000$ shares for cash at $$5$ 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 $$1$ per share. $($Record journal entrles in the order presented in the problen. Credit acoount titles are outomatically indented iwhen amount is entered. Do not indent manually. If no entry is required, sedext $"$No Entry" for the accoount tilles and enter $0$ for the amounts.$)$

Date

Acoount Titles and Explanation

Debit

Gredit