During its first year of operations, Vaughn Company had the following transactions pertaining to its common stock Jan. 5 Aug. 1 Sept. 20 Dec. 19 Issued 48,000 shares for cash at $5 per share. Issued 18,000 shares for cash at $9 per share. Issued 5,000 shares and paid $49,000 in cash to a vendor in exchange for computers. The list price of the computers totaled $88,000, Issued 44,000 shares for cash at $10 per share Jan 5 Cash Common Stock Paid-in Capital in Excess of Par Common Stock Aug 1 Cash Sept. 20 Common Stock Paid-In Capital in Excess of Par Common Stock 240,000 162,000 960 1440 72,0 90.0 ept. 201 v Dec. 19 v