E8-17 Issuing par stock Obj|4 On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on May 31, it issued for cash 100,000 shares of $4 par preferred stock at $6. a.Illustrate the effects on the accounts and financial statements of the January 29 and May 31 transactions. b.What is the total amount invested (total paid-in capital) by all stockholders as of May 31? I understand the cash/debits but having trouble putting it in the template we have, as to where each goes

Exercise 8-17
a.
	Statement of			Balance Sheet				Income Statement
	Cash Flows		Assets =	Liabilities +		Stockholders Equity
	Statement of			Balance Sheet				Income Statement
	Cash Flows		Assets =	Liabilities +		Stockholders Equity
b.	Show your work.