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Practice Exercise 15-1 During its first year of operations, Crane Company had the following transactions...

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Practice Exercise 15-1 During its first year of operations, Crane Company had the following transactions pertaining to its common stock. Jan. 5 Issued 53,000 shares for cash at $5 per share Aug.1 Issued 18,000 shares for cash at $8 per share. Spt20ers totaled Issued 4,000 shares and paid $50,000 in cash to a vendor in exchange for computers. The list price of the Dec. 19 Issued 42,000 shares for cash at $9 per share. Prepare the journal entries for these transactions, assuming that the common stock has a par value of $2 per share. (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 Account Titles and Explanation Debit Credit Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $4 per share. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit

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