(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 10 Cash 69000 Common Stock July 1 Click I VOI would like to show Work for this question nen Show Work CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 11-3 (Part Level Submission) During its first year of operations, Sheffield Corp. had the following transactions pertaining to its common stock. Jan. 10 Issued 69,000 shares for cash at $6 per share. July 1 Issued 40,000 shares for cash at $8 per share. Your answer is correct. erc M Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 10 Cash 414000 Common Stock 414000 July 1 Cash 320000 Common Stock 240000 Pald.in Capital in Excess of Par Common Stock 80000