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On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 210,000 shares of no-par common stock (with a stated value of $3) at $12, and on June 30, it issued for cash 20,000 shares of preferred stock, $75 par at $79. Question Content Area a.  Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. Date Account Debit Credit May 15                       June 30                         Feedback Area   Feedback   Question Content Area b.  What is the total amount invested (total paid-in capital) by all stockholders as of June 30?fill in the blank 1 of 1$

On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 210,000 shares of no-par common stock (with a stated value of $3) at $12, and on June 30, it issued for cash 20,000 shares of preferred stock, $75 par at $79. Question Content Area a.  Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. Date Account Debit Credit May 15                       June 30                         Feedback Area   Feedback   Question Content Area b.  What is the total amount invested (total paid-in capital) by all stockholders as of June 30?fill in the blank 1 of 1$

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 210,000 shares of no-par common stock (with a stated value of $3) at $12, and on June 30, it issued for cash 20,000 shares of preferred stock, $75 par at $79.

Question Content Area

a.  Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit
May 15
 
    
 
 
    
 
 
    
June 30
 
    
 
 
    
 
 
    
 

Feedback Area

 
Feedback
 

Question Content Area

b.  What is the total amount invested (total paid-in capital) by all stockholders as of June 30?
fill in the blank 1 of 1$

 

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