Business, 05.08.2020 17:01 pmckain

Ayayai Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 72,400 shares for cash at $146 per share.
July 1 Issued 171,300 shares for cash at $101 per share.

Required:
Journalize the transactions.

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Ayayai Corp. is authorized to issue both preferred and common stock. The par value of the preferred...

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