Your answer is partially correct. Try again During its first year of operations, Culver Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,800 shares for cash at $4 per share July 1 Issued 59,000 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. Da 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) Tan. 10 Cash Debit Credit 107200 ommon Stoc 07200 107200 ommon Stoc 69800 aid-in Capital in Excess of Par Value-Common Stock 77000 (b) Jan. 10 Cash 80400 ommon Stoc 6800 Paid-in Capital in Excess of Stated Value-Common Stock 53600 354000 ommon Stoc 9000 Paid-in Capital in Excess of Stated Value-Common Stock 295000