Question: During its first year of operations, Blossom Company had these transactions pertaining to its common stock. Jan. 1 0 Issued 3 8 , 0 0

During its first year of operations, Blossom Company had these transactions pertaining to its common stock.
Jan. 10 Issued 38,000 shares for cash at $7 per share.
July 1 Issued 71,000 shares for cash at $8 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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