E15.1 (LO1) (Recording the Issuances of Ordinary Shares) During its first year of operations, Sitwell SE had the following transactions pertaining to its ordinary shares. Jan. 10 Issued 80,000 shares for cash at 6 per share. 1 Issued 5,000 shares to attorneys in payment of a bill for 35,000 for services rendered in helping the company to incorporate. Mar. July 1 Issued 30,000 shares for cash at 8 per share. Sept. 1 Issued 60,000 shares for cash at 10 per share. Instructions a. Prepare the journal entries for these transactions, assuming that the ordinary shares have a par value of 3 per share. b. Briefly discuss how the entries in part E15.1a. will change if the shares are no-par with a stated value of 2 per share