Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 255,000 shares of no par common stock (with a stated value of $4) at $16, and on August 3, it issued for cash 10,000 shares of $75 par preferred stock at $79. 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 Cash Common Stock Paid In Capital in Excess of stated Value Common Stock III III III II. Aug. 3 Cash Preferred Stock Poid-In Capital in excess of Par Preferred Stock Foodback b. What is the total amount invested (total paid in capital) by all stockholders as of August 3