Current Attempt in Progress

During its first year of operations, Bridgeport Corporation had the following transactions pertaining to its common stock.

Jan. $10$ Issued $66,500$ shares for cash at $$6$ per share.

July $1$ Issued $39,500$ shares for cash at $$8$ per share.

$($a$)$

Journalize the transactions, assuming that the common stock has a par value of $$6$ per share. $($List all debit entries before credit

entries. Record journal entries in the order presented in the problem. Credit account tithes are automatically indented

when amount is entered. Do not indent manually.$)$

Date

Debit

Credit