Exercise 11-1 During its first year Jan. 10 Issued 25,900 shares for cash at $4 per share. July 1 Issued 54,500 shares for cash at $9 per share. (a) Journalize the transactions, assuming that the common stock has a par vaue of $4 per share. of operations, Monty Corp, had these transactions pertaining to its common stock lze 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 automa ically indented when amount is entered. Do not indent manualy. It no entry is select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit