Exercise 11-1 Your answer is partially correct. Try again During its first year of operations, Bramble Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,200 shares for cash at $4 per share July 1 Issued 51,000 shares for cash at $7 per share (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share (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 titles and enter 0 for the amounts.) No. Date Account Titles and Explanation (a)T Jan. 10 Cash Debit Credit 100,800 Common Stock 100,800 uly 1 Cash 510,000 Common Stock 357,000 Paid-in Capital in Excess of Par Value-Common Stock 153,000 (b) T Jan. 10 Cash 75,600 Common Stock 25,200 Paid-in Capital in Excess of Par Value-Common Stock 50,400 uly 1 Cash 357,000 Common Stock 51,000 Paid-in Capital in Excess of Par Value-Common Stock 306,000