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Alexa Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $ 5 5
AlexaCorporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $55,000.Inaddition,Alexareceived cash for 4,000shares of its$15par preferred stock at par value and 7,500shares of itsno-par common stock at $25per share. Without making journalentries, determine the totalpaid-in capital created by these transactions.
The total paid-in capital by these transactions amounts to $______________
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