ACCO 112-WK 4 Assignment E13.3 (L0 2) During its first year of operations, Foyle Corporation had the following transactions 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. Joumalize the transactions, assuming that the common stock has a par value of $5 per share. b. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. E13.4 (LO 2) 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 $$2,000. c. The stock had no par or stated value and was issued for a total of $$2,000. d. The stock had a par value of $5 per share and was issued to attorneys for services during inc valued at $52,000. e. The stock had a par value of S5 per share and was issued for land worth $$2,000, BE13.6(LO 2) Prepare entries for issuance of preferred stock: Garb Inc. issues 5,000 shares of $100 par value preferred stock for cash at $130 per share. - Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share