*Exercise 13-03 a-b During its first year of operations, Grouper Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 75,000 shares for cash at $5 per share. July 1 Issued 38,500 shares for cash at $10 per share. Your answer is correct. Journalize the transactions, assuming that the common stock has a par value of $5 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.) Date Account Titles and Explanation Debit Credit Dan. 10 Cash Common Stock 1375,000 41375,000 1385000 Duly 1 TCash Common Stock T_T192,500 1192,500 Paid-in Capital in Excess of Par-Common Stock Your answer is partially correct. Try again. 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 is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dan. 10 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock July 1 Cash 10 00 TCommon Stock Paid-in Capital in Excess of Stated Value-Common Stock