Exercise 11-3 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock.

Jan.	10	Issued71,500shares for cash at $7per share.
July	1	Issued41,500shares for cash at $8per share.

Journalize the transactions, assuming that the common stock has a par value of $7per share.(Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)