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

Jan. 10Issued 82,700 shares for cash at $6 per share.
Mar. 1Issued 5,000 shares to attorneys in payment of a bill for $35,000 for services rendered in helping the company to incorporate.
July 1Issued 33,400 shares for cash at $9 per share.
Sept. 1Issued 61,500 shares for cash at $11 per share.

(a)Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.
(b)Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $3 per share