Question 1 of 6 View Policies Current Attempt in Progress During its first year of operations. Monty Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,900 shares for cash at $4 per share. Issued 54,500 shares for cash at $9 per share. July ka Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $4 pers margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability that was reduced) Jan. 10 Issued 25,900 shares for cash at $4 per share Issued 54,500 shares for cash at $9 per share July 1 (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $4 per share. Include margin explanations for the changes in revenues and expenses. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Paid-in-Capital + PIC in Exce Cash Common Stock S $ Jan. 10 July 1 e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later (hl uly 1 Issued 54,500 shares for cash at $9 per share. =) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $4 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Stockholders' Equity spital PIC in Excess of Par Com. Retained Earnings Dividend + Revenue Expense $ $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for latel the part above