On February 4, Cinderella Rocks Inc., a marble contractor, issued for cash 30,000 shares of ($ 20)
Question:
On February 4, Cinderella Rocks Inc., a marble contractor, issued for cash 30,000 shares of \(\$ 20\) par common stock at \(\$ 64\), and on March 31, it issued for cash 18,000 shares of \(\$ 75\) par preferred stock at \(\$ 90\).
a. Journalize the entries for February 4 and March 31.
b. What is the total amount invested (total paid-in capital) by all stockholders as of March 31 ?
objs. 2, 3, 4, 6
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted: