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Ayayai Corp. was organized on January 1, 2022. It is authorized to issue 20,200 shares of 6%, $50 par value preferred stock and 472,000 shares
Ayayai Corp. was organized on January 1, 2022. It is authorized to issue 20,200 shares of 6%, $50 par value preferred stock and 472,000 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 65,600 shares of common stock for cash at $6 per share. Mar. 1 Issued 1,165 shares of preferred stock for cash at $57 per share. May 1 Issued 121,000 shares of common stock for cash at $6 per share. Sept. 1 Issued 6,200 shares of common stock for cash at $7 per share. Nov. 1 Issued 4,200 shares of preferred stock for cash at $56 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit Jan. 10 Cash 393600 Common Stock Mar. 1 May 1 Sept. 1 Sept. 1 e Textbook and Media List of Accounts Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) e Textbook and Media List of Accounts Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock e Textbook and Media List of Accounts Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital in Excess of Stated Value-Common Stock e Textbook and Media List of Accounts Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2022. AYAYAI CORP. Partial Balance Sheet Prepare the paid-in capital portion of the stockholders equity section at December 31, AYAYAI CORP. Partial Balance Sheet $ $ Question 5 of 5 -/3 $ $ e Textbook and Media List of Accounts
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