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Ayayai Co. had the following transactions during the current period. Mar. 2 June 12 Issued 4,200 shares of $7 parvalue common stock to attorneys in

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Ayayai Co. had the following transactions during the current period. Mar. 2 June 12 Issued 4,200 shares of $7 parvalue common stock to attorneys in payment of a bill for $33,700 for services performed in helping the company to incorporate. Issued 59,900 shares of $7 par value common stock for cash of $496,200. Issued 2,550 shares of $120 par value preferred stock for cash at $130 per share. Purchased 3,350 shares of treasury stock for $80,500. July 11 Nov. 28 Journalize the transactions. (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

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