Exercise 11-1 During its first year of operations, Sheffield Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 26,500 shares for cash at $5 per share. July 1 Issued 57,500 shares for cash at $7 per share. (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. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount i no entry is required, select "No Entry for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit CALCULATOR FU TO EMEISTERUL SEE NOT or the accounts and emer Tor the amount No. Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work