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Ayayai Corp. was organized on January 1, 2022. It is authorized to issue 19,000 shares...

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Accounting

Ayayai Corp. was organized on January 1, 2022. It is authorized to issue 19,000 shares of 5%, $50 par value preferred stock and 450,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan. 10 Issued 65,000 shares of common stock for cash at $4 per share.
Mar. 1 Issued 1,100 shares of preferred stock for cash at $54 per share.
May 1 Issued 110,000 shares of common stock for cash at $5 per share.
Sept. 1 Issued 4,000 shares of common stock for cash at $4 per share.
Nov. 1 Issued 2,000 shares of preferred stock for cash at $54 per share.

Journalize the transactions AND Post to the stockholders' equity accounts AND Prepare the paid-in capital portion of the stockholders equity section at December 31, 2022.

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