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Please correct the following!! Ayayai Corp. began operations on April 1 by issuing 53, 200 shares of $7 par value common stock for cash at
Please correct the following!!
Ayayai Corp. began operations on April 1 by issuing 53, 200 shares of $7 par value common stock for cash at $16 per share. In addition, Ayayai issued 3, 300 shares of $1 par value preferred stock for $6 per share. Journalize the issuance of the common and preferred sharesStep by Step Solution
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