CO Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, sued for cash 220,000 shares of no-par common stock (with a stated value of $6) at $24, and on June 30, issued for cash 20,000 shares of preferred stock, $90 a $93 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 ave blank, May 15 Sash Common Stock Paid-In Capital in Excess of Stated Value-Common Stock June 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock M Recall that a separate account is used for recording the amount of each class of stuck issued to investors in a corperation. Recall the definition of legal capital and what affect that has on recording the sale of stock b. What the total amount invested (total pedi capita by all her as of June 30