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mn/takeAssignment/take AssignmentMain.do?invoker=&t... Update Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 145,000 shares of no-par common stock (with a stated value of $2) at $8, and on June 30, it issued for cash 25,000 shares of preferred stock, $75 par at $81. a. Journalize 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. May 15 111 110 June 30 b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30? Check My Work Next > Save and Exit Submit Assignment for Grading Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (260,000 shares authorized ; 7,000 shares issued), $75 par, $525,000; Paid- In Capital in excess of par-common stock, $56,000, and Retained earnings, $4,725,000. The board of directors declared a 2% stock dividend when the market price of the stock was $100 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. 110 100 a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: Check My Work Previous Next Save and Exit Submit Assignment for Grading Im/takeAssignment/takeAssignmentMain.do?invoker=&t... * * Update a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Check My Work Previous Next Save and Exit Submit Assignment for Gradina Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 75,000 shares of preferred 1% stock, $70 par and 650,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. If an amount box does not require an entry, leave it blank. Feb. 5. Issued 120,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 22,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $40,000, $219,000, and $49,000, respectively. Check My Work Previous Next Save and Exit Submit Assignment for Grading Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 22,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $40,000, $219,000, and $49,000, respectively. Apr. 9. June 14. Issued 33,000 shares of preferred stock at $79 for cash. June 14. 111 mn/takeAssignment/take AssignmentMain.do?invoker=&t... Update Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 145,000 shares of no-par common stock (with a stated value of $2) at $8, and on June 30, it issued for cash 25,000 shares of preferred stock, $75 par at $81. a. Journalize 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. May 15 111 110 June 30 b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30? Check My Work Next > Save and Exit Submit Assignment for Grading Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (260,000 shares authorized ; 7,000 shares issued), $75 par, $525,000; Paid- In Capital in excess of par-common stock, $56,000, and Retained earnings, $4,725,000. The board of directors declared a 2% stock dividend when the market price of the stock was $100 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. al. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. 110 100 a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: Check My Work Previous Next Save and Exit Submit Assignment for Grading Im/takeAssignment/takeAssignmentMain.do?invoker=&t... * * Update a2. Journalize the entry to record the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Check My Work Previous Next Save and Exit Submit Assignment for Gradina Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 75,000 shares of preferred 1% stock, $70 par and 650,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. If an amount box does not require an entry, leave it blank. Feb. 5. Issued 120,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 22,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $40,000, $219,000, and $49,000, respectively. Check My Work Previous Next Save and Exit Submit Assignment for Grading Feb. 5. Issued 600 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 22,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $40,000, $219,000, and $49,000, respectively. Apr. 9. June 14. Issued 33,000 shares of preferred stock at $79 for cash. June 14. 111