ations: Organizations and Stock 1. Journalize the preceding entries and update the stockholders' equity ledger. 2. Prepare a new Paid-In Capital section of stockholders' equity as of July 31, 201X. unding of $10 par value, 8% ations: Organizations and Stock 1. Journalize the preceding entries and update the stockholders' equity ledger. 2. Prepare a new Paid-In Capital section of stockholders' equity as of July 31, 201X. unding of $10 par value, 8%