borOBJ. 2EX 11-3 Entries for issuing par stockOn April 20, Gallatin County Rocks Inc., a marble contractor, issued for cash 75,000 sharesof $45 par common stock at $54, and on August 7, it issued for cash 20,000 shares of pre-ferred stock, $10 par at $12.lo Inama. Journalize the entries for April 20 and August 7.b. What is the total amount invested (total paid-in capital) by all stockholders as of August 7?OBI 2

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EX 11-3 Entries for issuing pai On April 20, Gallatin County Rocks Inc., a marble contractor, issued for cash 75,000 shares of $45 par common stock at $54, and on August 7, it issued for cash 20,000 shares of ferred stock, $10 par at $12. pre- a. Journalize the entries for April 20 and August 7. b. What is the total amount invested (total paid-in capital) by all stockholders as of August 7?

EX 11-3 Entries for issuing pai On April 20, Gallatin County Rocks Inc., a marble contractor, issued for cash 75,000 shares of $45 par common stock at $54, and on August 7, it issued for cash 20,000 shares of ferred stock, $10 par at $12. pre- a. Journalize the entries for April 20 and August 7. b. What is the total amount invested (total paid-in capital) by all stockholders as of August 7?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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