1 Normal T No Spac... Heading Heading 2 Paragraph Styles Avayai Corp. was organized on January 1, 2017. It is authorized to issue 19,000 shares of 5%, $50 par value preferred stock and 450,000 shares of no-par common stock with a stated value $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 65,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,100 shares of preferred stock for cash at $54 per share. May 1 Issued 110,000 shares of common stock for cash at $5 per share. Sept. 1 Issued 4,000 shares of common stock for cash at $4 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $54 per share. Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock enter a debit amount Schoose a transaction date choose a transaction date enter a credit amount choose a transaction date enter a ocor choose a transaction date amount enter a credit amount choose the end date of the accounting period enter a debit choose the end date of balance the accounting period enter a credit balance Paid-in Capital in Excess of Par Value-Preferred Stock Display * NEP A- 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph Styles the accounting period balance the accounting period balance Paid-in Capital in Excess of Par ValuePreferred Stock choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit choose the end date of balance the accounting period enter a credit balance choose a transaction date Common Stock enter a debit choose a transaction date amount enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount I choose a transaction date . amount choose a transaction date enter a credit amount A A A * Amy. A 21 . AaBbcc 1 Normal AaBbcc AaBb 1 No Spac... Heading 1 AaBbccc Aa Heading 2 Tith s E. . Paragraph Styles . 5 . . . . . . choose the end date of the accounting period enter a debit choose the end date of balance the accounting period enter a credit balance Paid-in Capital in Excess of stated Value Common Stock choose a transaction date enter a debit c e amount choose a transaction date nter a credit amount choose a transaction date enter a debit choose a transaction date amount choose a transac enter a credit amount choose a transaction date enter a debit amount Choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit choose the end date of balance the accounting period enter a credit balance Display Se
