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During its first year of operations, Ayayai Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at
During its first year of operations, Ayayai Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $6 per share. July 1 Issued 42,000 shares for cash at $10 per share. (a) (b) Your answer is partially correct. Joumalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (List all debit entries before credi is entered. Do not indent manually.)
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