E13-3 -During its first year of operations, Benji Corporation had the following transactions pertaining to its common stock. Jan, 10 Issued 70,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $7 per share. Instructions (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. E13-4 Jake Corporation issued 1,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions (a) The stock had a par value of $5 per share and was issued for a total of $52,000. (b) The stock had a stated value of $5 per share and was issued for a total of $52,000, (c) The stock had no par or stated value and was issued for a total of $52,000, (d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000, (e) The stock had a par value of $5 per share and was issued for land worth $52,000. E13-5 Laci Co had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate. June 12 Issued 60,000 shares of $5 par value common stock for cash of $375,000, July 11 Issued 1.000 shares of $100 par value preferred stock for cash at $110 per share. Nov. 28 Purchased 2,000 shares of treasury stock for $80,000. Instructions Journalize the transactions