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1&2 Brief Exercise 11-4 Ayayai Inc.'s $9 par value common stock is actively traded at a market price of $14 per share. Ayayai issues 5,700
1&2
Brief Exercise 11-4 Ayayai Inc.'s $9 par value common stock is actively traded at a market price of $14 per share. Ayayai issues 5,700 shares to purchase land advertised for sale at $71,000. Journalize the issuance of the stock in acquiring the land. (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.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Brief Exercise 11-3 On June 1, Oriole Company issues 3,050 shares of no-par common stock at a cash price of $5 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 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 June 1Step by Step Solution
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