Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a...
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Accounting
Entries for Issuing NoPar Stock
On February Quality Carpet Inc., a carpet wholesaler, issued for cash shares of nopar common stock with a stated value of $ at $ and on August it issued for cash shares of $ par preferred stock at $
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a Journalize the entries for February and August assuming that the common stock is to be credited with the stated value.
For a compound transaction, if an amount box does not require an entry, leave it blank.
b What is the total amount invested total paidin capital by all stockholders as of August
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