Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 of 6 0.33/1 E Ayayai Corporation was organized on January 1, 2022. It is authorized to issue 15.000 shares of 8% $100 par value
4 of 6 0.33/1 E Ayayai Corporation was organized on January 1, 2022. It is authorized to issue 15.000 shares of 8% $100 par value profes and 521,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were comp during the first year. Ja 10 Mar 1 Apr. 1 May 1 Aug 1 Issued 81.500 shares of common stock for cash at $6 per shar Issued 4,400 shares of preferred stock for cash at 5105 per share. bound 22.500 shares of common stock for land. The asking price of the land was $90.300. The fair value of the land was $89.000 Issued 80,000 shares of common stock for cash at $4.25 per share Issued 11.500 shares of common stock to attorneys in payment of their bill of $39.500 for services performed i helping the company organize Sept. 1 Issued 11.500 shares of common stock for cash at $7 per share Nov. 1 Issued 3,000 shares of preferred stock for canh at $110 per share type here to search Question 4 of 6 < > Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part Type here to search 0 Preferred Stock Common Stock 0.33/1 Paid-in Capital in Excess of Par Preferred Stock Type here to search Paid-in Capital in Excess of Stated Value Common Stock 033/1 Question 4 of 6 Paid-in Capital in Excess of Stated Value Common Stock Type here to search eTextbook and Media List of Accounts 0.33/1 L L
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started