In $2020,$ Ayayai Inc. issued $700$ shares of $$10$ par value common stock for land worth $$46,300.$

$($a$)$ Prepare Ayayai's journal entry to record the transaction. $($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.$)$

Account Titles and Explanation

Debit

Credit

$($b$)$ Indicate the effect the transaction has on cash.

$($c$)$ Indicate how the transaction is reported on the statement of cash flows.

Ayayai Inc.

Statement of Cash Flows $($Partial$)$