On February 4, Cinderella Rocks Inc., a marble contractor, issued for cash 30,000 shares of ($ 20)

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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

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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