Journalize issuance of common stock E13-3 During its first year of operations, Foyle Corporation had the following transac- tions pertaining to its common stock. Jan. 10 Issued 70,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $7 per share Instructions (a) Journalize the transactions, assuming that the common stock has a par value of $5 per LO 2) share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. Journalize issuance of common stock E13-4 Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions (a) The stock had a par value of $5 per share and was issued for a total of $52,000. (b) The stock had a stated value of $5 per share and was issued for a total of $52,000. (c) The stock had no par or stated value and was issued for a total of $52,000. (d) The stock had a par value of $5 per share and was issued to attorneys for services LO 2) during incorporation valued at $52,000 (e) The stock had a par value of $5 per share and was issued for land worth $52,000. Journalize issuance of common and preferred stock and purchase of treasury stock E13-5 Quay Co. had the following transactions during the current period. Mar 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a June 12 July 11 Nov. 28 bill for $30,000 for services performed in helping the company to incorporate Issued 60,000 shares of $5 par value common stock for cash of $375,000. Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share Purchased 2,000 shares of treasury stock for $80,000 (LO 2, 3)