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Ayayai Corp. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was

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Ayayai Corp. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation's capital stock. On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered, Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry' for the account tities and enter 0 for the amounts.) account fitles and enter oror the amoums

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