E15-1 (L01) EXCEL (Recording the Issuances of Common Stock) During its first year of operations, Collin Raye Corpora- tion had the following transactions pertaining to its common stock. Jan. 10 Issued 80,000 shares for cash at $6 per share. Mar. 1 July 1 Sept. 1 Issued 5,000 shares to attorneys in payment of a bill for $35,000 for services rendered in helping the company to incorporate. Issued 30,000 shares for cash at $8 per share. Issued 60,000 shares for cash at $10 per share.

E15-1 (LO1) EXCEL (Recording the Issuances of Common Stock) During its first year of operations, Collin Raye Corpora-tion had the following transactions pertaining to its common stock