On October 31, Pidgeon Inc., a marble contractor, issued for cash 320,000 shares of $5 par common

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On October 31, Pidgeon Inc., a marble contractor, issued for cash 320,000 shares of $5 par common stock at $12, and on November 19, it issued for cash 45,000 shares of preferred stock, $60 par at $72.

a. Journalize the entries for October 31 and November 19.

b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 09, 2021 01:54 PM

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On October 31, Pidgeon Inc., a marble contractor, issued for cash 320,000 shares of $5 par common

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a October 31 Cash 320000 x 12 3840000 Common Stock 320000 ...View the full answer

Accounting

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