Ayayai Corp was organized on January 1,2025 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 $4 per share Mar 1 Issued 14,200 shares of preferred stock for cash at $52 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 $5 per share Nov 1 Issued 4,200 shares of preferred stock for cash at $55 per share Journalize the transactions (Record joumal entries in the order presented in the problem Credit account titles are outomatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account tities and enter O for the amounts List all debit entries before credit entries)

Question

Ayayai Corp  was organized on January 1,2025   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 $4 per share  Mar  1 Issued 14,200 shares of preferred stock for cash at $52 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 $5 per share  Nov  1 Issued 4,200 shares of preferred stock for cash at $55 per share  Journalize the transactions  (Record joumal entries in the order presented in the problem  Credit account titles are outomatically indented when amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account tities and enter O for the amounts  List all debit entries before credit entries)

Accepted Answer

The Answer is in the image, click to view ...

Question

Ayayai Corp. was organized on January 1,2025 . It is authorized to issue 20,200 shares of 6%,$50 par value preferred stock and 472,000 shares of

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Value Based Management For Accounts Receivable

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question