E15-1B (Recording the Issuances of Common Stock) During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares

E15-1B (Recording the Issuances of Common Stock) During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock.

Apr. 26    Issued 15,000 shares for cash at $4.50 per share.

May 11    Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping

the company to incorporate.

Aug. 1     Issued 20,000 shares for cash at $5 per share.

Nov. 1     Issued 10,000 shares for cash at $7 per share.

Instructions

(a) Prepare the journal entries for these transactions, assuming that the common stock has a par value

of $1 per share.

(b) Prepare the journal entries for these transactions, assuming that the common stock is no par with

a stated value of $3 per share.