Exercise 11-1 During its first year of operations, Cheyenne Corp, had these transactions pertaining to its common stock uly 1 Issued 52,000 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share (Record journal entries in the order presented in the problemCredit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is requred select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit