Exercise 11-1 Your answer is partially correct. Try again During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200 shares for cash at $4 per share. July 1 Issued 51,000 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 $1 per share. No. Date ount Titles and Explanation Debit Credit (a) | Jan. 10 | |Cash 100800 Common Stock 100800 July 1 Cash 357000 Paid-in Capital in Excess of Par Value-Common St 153000 Common Stock 357000 (b) | Jan. 10 | |Cash 100800 Paid-in Capital in Excess of Par 75600 Common Stock 25200 July 1 Cash 357000 Paid-in Capital in Excess of Par Value-Preferred St 306000 Common Stock 51000