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During its first year of operations, Foyle Corporation had the following transactions pertaining to its...

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Accounting

During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $6 per share. July 1 Issued 42,000 shares for cash at $10 per share. Journalize the transactions, assuming that the common stock has a par value of $6 per share. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.

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