Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued...
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Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 195,000 shares of no-par common stock (with a stated value of $4) at $16, and on June 30, it issued for cash 30,000 shares of preferred stock, 360 par at $65. 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 May 15 June 30 b. What is the total amount invested (total pald-in capital) by all stockholders as of June 302
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