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part b ) post the stockholders equity accounts and C) prepare the paid in capital section of stockholders equity at December 31,2022 Ayayai Corporation was

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part b ) post the stockholders equity accounts

image text in transcribed

and C) prepare the paid in capital section of stockholders equity at December 31,2022

image text in transcribed

Ayayai Corporation was organized on January 1,2022 . It is authorized to issue 15,000 shares of 8%,$100 par value preferred stock, and 521,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 81,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 4,400 shares of preferred stock for cash at \$105 per share. Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $90,500. The fair value of the land was $89,000. May 1 Issued 80,000 shares of common stock for cash at $4.25 per share. Aug. 1 Issued 11,500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. Sept. 1 Issued 11,500 shares of common stock for cash at $7 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at $110 per share. (b) the descristike information provided in the question.)

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