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

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During its first year of operations, Vaughn Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 84,800 shares for cash at $6 per share. Mar. 1 July 1 Sept. Issued 5,000 shares to attorneys in payment of a bill for $37,000 for services rendered in helping the company to incorporate. Issued 32,700 shares for cash at $8 per share. 1 Issued 61,700 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit During its first year of operations, Vaughn Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 84,800 shares for cash at $6 per share. Mar. 1 July 1 Sept. Issued 5,000 shares to attorneys in payment of a bill for $37,000 for services rendered in helping the company to incorporate. Issued 32,700 shares for cash at $8 per share. 1 Issued 61,700 shares for cash at $10 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit