Exercise 13-3 (Part Level Submission) During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 74,500 shares for cash at $5 per share. July 1 issued 41,000 shares for cash at $10 per share. (a) 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 o presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent m Account Titles and Explanation Jan. 10 Cash 372,500 Date Debit Credit Common Stock 372,500 July 1 Cash 410,000 Common Stock 205,000 Paid-in Capital in Excess of Par-Common Stock 205,000 (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (Record journal e order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not i manually.) Date Account Titles and Explanation Debit Credit tudy