Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 275,000 shares of no-par common stock (with a stated value of $6) at $24, and on August 3, it issued for cash 20,000 shares of $80 par preferred stock at $84. a. Journalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 12 19 III II. Aug. b. What is the total amount invested (total paid.in capital) by all stockholders as of August 3