D VIEW PRINTER VERSION BACK Ayayai Corporation's charter authorized issuance of 105,000 shares of $10 par value common stock and 49,600 shares of ss0 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. issued a $10,90 2. Issued 510 shares of common stock for equipment. The equipment had been appraised at $7,300, the seller's book value was s 3. Issued 375 shares of common and 99 shares of preferred for a lump sum amounting to 4. Issued 180 shares of common and 53 shares of preferred for equipment. The common had a fair value of $17 per share; the equipment has a fair value of $6,600. Record the transactions listed above in journal entry form. (Round Round intermediate calculations to 6 select "No Entry" for the account titles and enter 0 for the amounts.) 0,9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $101 a share. the common stock is $17 a share. $10,400. The common had been selling at $15 and the preferred at $67 5 decimal places, e.g. 0.546872 and final answers to o Do not indent manually. If no entry is required No. Account Titles and Explanation Debit Credit 10,900 Discount on Bonds Payable 101 Bonds Payable 10,900 Preferred Stock Paid-in Capital in Excess of Par Preferred Stock 2. Equipment 8,670 Common Stock 5, 1 2. Equipment 8,670 Common Stock 5,100 Paid-in Capital in Excess of Par-Common Stock 3,570 3. Cash 10,400 Preferred Stock Paid-in Capital in Excess of Par Preferred Stock Common Stock Paid-in Capital in Excess of Par Common Stock 4. |Equipment 6,600 Preferred Stock Paid-in Capital in Excess of Par Preferred Stock Common Stock Paid-in Capital in Excess of Par- Common Stock