Record journal entries in the order presented in the problem

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Question - Ayayai Co. had the following transactions during the current period.

Mar. 2 Issued 4,200 shares of $7 par value common stock to attorneys in payment of a bill for $33,700 for services performed in helping the company to incorporate.

June 12 Issued 59,900 shares of $7 par value common stock for cash of $496,200.

July 11 Issued 2,550 shares of $120 par value preferred stock for cash at $130 per share.

Nov. 28 Purchased 3,350 shares of treasury stock for $80,500.

Required - Journalize the transactions. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.

Reference no: EM132738396

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