Ayayai Corp. was organized on January 1, 2017. It is authorized to issue 19,000 shares of 5%, $50 par value preferred stock and 450,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 65,000 shares of common stock for cash at $4 per share.
Mar.	1		Issued 1,100 shares of preferred stock for cash at $54 per share.
May	1		Issued 110,000 shares of common stock for cash at $5 per share.
Sept.	1		Issued 4,000 shares of common stock for cash at $4 per share.
Nov.	1		Issued 2,000 shares of preferred stock for cash at $54 per share.

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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 10Mar. 1May 1Sept. 1Nov. 1
Jan. 10Mar. 1May 1Sept. 1Nov. 1
Jan. 10Mar. 1May 1Sept. 1Nov. 1
Jan. 10Mar. 1May 1Sept. 1Nov. 1
Jan. 10Mar. 1May 1Sept. 1Nov. 1

eTextbook and Media