Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 285,000 shares of no-par common stock (with a stated value of $2) at $6, and on August 3, It issued for cash 20,000 shares of $75 par preferred stock at $82. 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 Aug. 3 000 000 000 000 b. What is the total amount invested (total paid-in capital) by all stockholders as of August 3?