E13-3 During its first year of operations, Foyle Corporation had the foll tions 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) Jour nalize the transactions, assuming that the common stock has a par value of share (b) Journalize the transactions, assuming that the common stock is no-par with a value of $1 per share