Item17 Item Skipped Item 17 A company began operations on January 1 and engages in the following transactions during the year related to stockholders equity. January 1 Issues 500 shares of common stock for $45 per share. April 1 Issues 120 additional shares of common stock for $49 per share. Required: 1. Record the transactions, assuming the company has no-par common stock. 2. Record the transactions, assuming the company has either $1 par value or $1