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Your answer is partially correct During its first year of operations, Ayayai Corp, had these transactions pertaining to its common stock Jan. 10 issued 25.000

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Your answer is partially correct During its first year of operations, Ayayai Corp, had these transactions pertaining to its common stock Jan. 10 issued 25.000 shares for cashat $5 per share. July 1 issued 50,000 shares for cashat 57 per share. (a) Journalize the transactions, assuming that the commonstockhas par value of $5 per share. (b) Jourmalize the transactions, assuming that the common stock hno-par with a stated valive of $1 per share. (Recard joumal entries in the order presented in the problem. Credit account vitler are automotically indented when amount is entered. Do not indent manually Lht ail debit entries before credit entries if no entry is required, select "No Entry" for the occount bities and enter of for the amounts) Account Titles and Explanation (a) Cosh Common Stock. (b)

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