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Ayayai Co. had the following transactions during the current period. Mar. 2 June 12 July 11 Nov. 28 Issued 4,200 shares of $5 par value
Ayayai Co. had the following transactions during the current period. Mar. 2 June 12 July 11 Nov. 28 Issued 4,200 shares of $5 par value common stock to attorneys in payment of a bill for $25,300 for services performed in helping the company to incorporate. Issued 59,900 shares of $5 par value common stock for cash of $376,400. Issued 2,550 shares of $100 par value preferred stock for cash at $130 per share. Purchased 3,350 shares of treasury stock for $80,500. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit CI 3 n
please help i have no idea how to go about this. thank you.
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