Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2022, its first year of operations as a delivery service. Ayayal Corp.entered into the following transactions 1 Issued shares of common stock to investors

image text in transcribed
image text in transcribed
image text in transcribed
During 2022, its first year of operations as a delivery service. Ayayal Corp.entered into the following transactions 1 Issued shares of common stock to investors in exchange for $100.000 in cash. 2. Borrowed $35,000 by issuing bonds. 3. Purchased delivery trucks for $50.000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $2.700 on account. 6. Paid rent of $4,200. 7. Performed services on account for $10,000. 8. Pald salaries of $26,000. 9. Pald a dividend of $10,000 to shareholders. Stockholders' Equity Retired Farming Diserta Stock Saarland Wagu Diper Service Revenue Rent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Demystified

Authors: Troy Adair

1st Edition

0071459103, 9780071459105

More Books

Students also viewed these Accounting questions