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

Jan.10 Issued71,500shares for cash at $5per share.

July1 Issued37,000shares for cash at $10per share.

I Journalized the transactions, assuming that the common stock has a par value of $5per share.

Date Account Titles and Explanation Debit Credit

JAN 10 Cash 357,500

Common Stock 357,500

JULY 1 Cash 370,000

Common Stock 185,000

Paid-in Capital in Excess of Par-Common Stock 185,000

Journalize the transactions, assuming that the common stock is no-par with a stated value of $2per 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.)

Date Account Titles and Explanation Debit Credit

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