during its first year if operations, Ayayai corp. had these transactions pertaning to its common stock.

Current Attempt in Progress During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,000 shares for cash at $5 per share. July 1 Issued 50,000 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share (Record journal entries in the onder presented in the problem. Credit account tities are automatically indented when amount is entered, Do not indent manually, List all debit entries before credit entries. If no entry is required, seiect "No Entry" for the account titles and enter ofor the amounts) (Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) (b)