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Entries for issuing no-par stock Chart of Accounts Journal Final Question Instructions On May 15, Helena Carpet Inc, a carpet wholesaler, sued for cash 746,000

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Entries for issuing no-par stock Chart of Accounts Journal Final Question Instructions On May 15, Helena Carpet Inc, a carpet wholesaler, sued for cash 746,000 shares of no-par common stock (with a stated value of $1.30) at $4.40, and on June 30, it issued for cash 17,500 shares of preferred stock, $50 par at $61. Required: A. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. Refer to the Chart of Accounts for exact wording of account tities B. What is the total amount invested (total paid-in capita) by all stockholders as of June 30

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