Exercise 11-3 During its first year of operations, Monty Corp. had the following transactions pertaining to its common stock. Jan. July 10 Issued 74,500 shares for cash at $7 per share. 1 Issued 44,500 shares for cash at $10 per share. Journalize the transactions, assuming that the common stock has a par value of $7 per share. (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS Journalize the transactions, assurning that the common stock is no-par with a stated value of $2 per 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 o for the amounts.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Exercise 11-7 Sheridan Company purchased from its stockholders 6,000 shares of its own previously issued stock for $306,000. It later resold 1,975 shares for $54 per share, then 1,975 more shares for $49 per share, and finally 2,050 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account tities 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 o for the amounts.) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) (To record sales of shares at $54 per share.) (To record sales of shares at $49 per share.) (To record sale of shares at $43 per share.) Click If you would like to show Work for this question: Open Show Work