NEXT Exercise 11-1 [2 Your answer is partially correct. Try again During its first year of operations, Bridgeport Corp, had these transactions pertaining to its common stock Jan. 10 Issued 25,300 shares for cash at $6 per share. July 1 Issued 51,500 shares for cash at $8 per share (a) Journalilze the transactions, assuming that the common stock has a par value of $6 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 tities 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 O for the amounts.) No. Date Account Titles and Explanation (a)T Jan 10Cesh Common Stock 151800 uly 1 Coemmon Stock Pald Capital In Excess of Par Vaue-Conmon stock 30p 3 4 5 6 7 8 9 0