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

Jan.

$10$

Issued $80,700$ shares for cash at $$6$ per share.

Mar. Issued $5,000$ shares to attorneys in payment of a bill for $$37,300$ for services rendered in helping the company to

$1$ incorporate.

July

$1$ Issued $32,600$ shares for cash at $$8$ per share.

Sept.

$1$ Issued $63,600$ shares for cash at $$10$ per share.

Date

Account Titles and Explanation

Debit

Credit

Cash

Common Stock

$484200$

cash

Common Stock

Paid$-$in Capital in Excess of Par $-$ Cormmon Stock

Cash

Common Stock

Paid$-$in Capital in Excess of Par $-$ Cornmon Stock

Cash

Common Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock