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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, issued for cash 750000

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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, issued for cash 750000 shares of no-par common stook (with a stated value of $1.50) at $4, and on June 30, it ssued for cash 17,500 shares of preferred stock, $50 par at S60 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 sitles what is the total amount invested (total pad-n capita) by al stockholders as of June 30? B

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