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7:471 Entries for issuing no-parstock On May 15, Helena Carpet Inc, a carpet wholesaler, issued for cash 625,000 shares of no-par common stock (with a

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7:471 Entries for issuing no-parstock On May 15, Helena Carpet Inc, a carpet wholesaler, issued for cash 625,000 shares of no-par common stock (with a stated value of $2.25) at $5, and on June 30, Issued for cash 22,000 shares of preferred stock, ss0 par at $62 a. Joumalize 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 b. What is the total amount invested (total sud-in cat) by all stockholders as of June 302 AA Av2.cengagenow.com

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