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Business, 15.04.2021 16:30 karyme12

During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock. Jan. 10Issued 25,000 shares for cash at $4 per share. July 1Issued 50,000 shares for cash at $7 per share. (a)Journalize the transactions, assuming that the common stock has a par value of $4 per share. (b)Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.

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