During its first year of operations, Ayayai Corporation had the following transactions pertaining to its...
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Accounting
During its first year of operations, Ayayai Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $6 per share. July 1 Issued 42,000 shares for cash at $10 per share. (a) (b) Your answer is partially correct. Joumalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (List all debit entries before credi is entered. Do not indent manually.)
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