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  3. in 2020, ayayai inc. issued 700 shares of $10 par

In 2020, Ayayai Inc. issued 700 shares of $10 par value common stock for land...

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Accounting

In 2020, Ayayai Inc. issued 700 shares of $10 par value common stock for land worth $46,300.
(a) Prepare Ayayai's journal entry to record the transaction. (Credit account titles are automatically indented when amount is entered. Do
not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.)
Account Titles and Explanation
Debit
Credit
(b) Indicate the effect the transaction has on cash.
(c) Indicate how the transaction is reported on the statement of cash flows.
Ayayai Inc.
Statement of Cash Flows (Partial)
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