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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. 10 1 Jan. Mar. May Sept. Nov. 1 Issued 65,600 shares of common stock for cash at $6 per share. Issued 1,165 shares of prefarred stock for cash at $57 per share. Issued 121,000 shares of common stock for cash at $6 per share. Issued 6.200 shares of common stock for cash at $7 per share. Issued 4 200 shares of preferred stock for cash at $56 per share. 1 1 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 Common Stock
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