HW 1-Chapter 15 Question 6 of 19 < View Policies Show Attempt History Current Attempt in Progress The stockholders' equity accounts of Ayayai Company have the following balances on December 31, 2017. Common stock, $3 par, 1,000,000 shares issued and outstanding Paid-in-capital in excess of par - common stock Retained earnings $3,000,000 5,300,000 8,022,000 Shares of Ayayai Company stock are currently selling on the Midwest Stock Exchange at $23. Prepare the appropriate journal entries for each of the following independent cases. (a) Your answer is correct. 6.67/20