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On May 10, Ayayai Corp. issues 3,200 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to

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On May 10, Ayayai Corp. issues 3,200 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Paid-in-Capital PIC in Exce Common Stock Par Value Cash $ $ May 10 On May 10, Ayayai Corp. issues 3,200 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings renue Expense Dividend $ Paid-in-capital in excess of common stock Common stock Paid-in-capital in excess of preferred stock Dividends Interest expense Preferred stock e Textbook and Media Arraunts

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