During its first year of operations, Swifty Corporation had these transactions pertaining to its common stock. Jan. 10 July 1 Journalize the transactions, assuming that the common stock has a par value of $7 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) Date an. 10 Date July 1 Jan 10 July 1 Issued 38,000 shares for cash at $7 per share. Issued 69,500 shares for cash at $10 per share. V Account Titles and Explanation Cash Cash Common Stock Cash Common Stock Cash Paid-in Capital in Excess of Par-Common Stock Account Titles and Explanation rnalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Record journal entries in order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ry is required, select "No Entry" for the account titles and enter O for the amounts) Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Common Stock Debit Paid-in Capital in Excess of Stated Value-Common Stock 266000 Debit 695000 266000 Credit 695000 Credit 266000 DERS 486500 208500 76000 TORREN 76000 139000 625500