Exercise 15-1 During its first year of operations, Cullumber Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 84,000 shares for cash at $6 per share. Mar. Issued 5,000 shares to attorneys in payment of a bill for $37,400 for services rendered in helping the July 1 Issued 31,400 shares for cash at $8 per share Sept. Issued 63,200 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $4 per (b) Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value company to incorporate share of $2 per share