Ayayai Inc. reported the following transactions: Jan. 1 Issued 10,000 common shares for $6 cash per share. Issued 14,700 preferred shares for $44,500 cash. Issued 15,100 common shares in exchange for land. The land was valued at $40,400. Mar Apr. July 1 Repurchased 5,000 common shares for $5 76 per share. 1 nt Titles Prepare the appropriate journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) 1 immon Shares eferred Shares In Shares mmon Shares Debit 60000 44500 40400 Credit 60000 44500 SUPPORT

Ayayal Inc. reported the following transactions: Jan 1 Issued 10,000 common shares for $6 cash per share. Mar 1 Issued 14,700 preferred shares for $44,500 cash. Apr. 1 July 1 Issued 15,100 common shares in exchange for land. The land was valued at $40,400. Repurchased 5,000 common shares for $5.76 per share Prepare the appropriate journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) nt Titles mmon Shares eferred Shares mmon Shares In Shares Debit 60000 44500 40400 Credit 60000 44500 SUPPORT