U PURVO BACK NEXT nts Problem 13-01A a-c Ayayal Corporation was organized on January 1, 2020. It is authorized to issue 15.000 shares of $100 par value preferred stock, and 21,000 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 56 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. ission mission) Your answer is partially correct. Try again. by Study the problem. Cred account thesar Journalize the transactions. (Record journal entries in the order presented entered. Do not Indent manually.) Account Titles and Explanation Cash Jan. 10 11 Pald-in Capital in excess of par preferred stock ? - MacBook Pro Jan. 10 Cash i 489000 489000 Common Stock 244500 Paid-in Capital in Excess of Stated Value-Commor 244500 A PALMA 462000 Cash T Paid-in Capital in Excess of Par-Preferred Stock IT 440,000 Preferred Stock i 22000) Apr. 1 Tuand TEREST, 89000 Common Stock T Pold-in Capital in excess of Stated Value-Common N33500 34000 May 1 Cash EDA 950 W 80 A YN BOB. w]x] MacBook Pro Help Syn c provided in the question.) AYAYAI CORPORATION Balance Sheet (Partial) December 31, 2020 Paid-in Capital Capital Stock Preferred Stock 740000 Common Stock bmission) 621000 Total Capital Stock 1361000) Total Paldin Capital Pidin Capital in Excess of Par-Preferred Stock T 52000 4170 Total National din Capital 1091094 O 8% WROB. ? 100 DATE AFGHIJK MA