FULL SCREEN BACK Exercise 11-1 During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 27,200 shares for cash at $6 per share July 1 Issued 61,000 shares for cash at $9 per share. a) Journalize the transactions, assuming that the common stock has a par value of $6 per share. b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when 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.) Na Date Acosst Titles and Explanaties Question Attempts: 0 of 3 used SAVE FOR LATER SUBMET