Can someone solve this whole question? Exercise 11-1 Your answer...
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Can someone solve this whole question?
Exercise 11-1 Your answer is partially correct. Try again. During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock Jan. 10 Issued 27,200 shares for cash at $6 per share. uly 1 Issued 61,000 shares for cash at $9 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $6 per share (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manually. If mo entry is required, select "No Entry for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation (e) 1 Jan. 10 ash Debit Credit 163,200 Common Stock 163,000 uly 1 549,000 Common Stock 366, Paid-in Capital in Excess of Par Value-Common 183,000 July 1 : 1 Cash 549,000 Common Stock 366,000 Paid-in Capital in Excess of Par Value-Common St 183,000 (b)T Jan. 10 ||Cash Common Stock paid-in capital in excess of par value-common stock
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