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Entries for Issuing No Par Stock On May 15, Helena Carpet Inc, a carpet wholesaler, issued for cash 140,000 shares of no-par common stock (with

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Entries for Issuing No Par Stock On May 15, Helena Carpet Inc, a carpet wholesaler, issued for cash 140,000 shares of no-par common stock (with a stated value of $3) at 39, and on June 30, it issued for cash 10,000 shares of preferred stock, $70 par at $74. a. Journalize the entries for May 15 and June 10, 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 II II Ill III June 30 b. What is the total amount invested (total pald-in capital) by all stockholders as of June 30

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