Entries for Issuing No-Par Stock On February 12, Quality Carpet inc, a carpet wholesaler, issued for cash 175,000 shares of no-par common stock (with a stated value of \$2) at \$8, and on August 3, it. issued for cash 20,000 shares of $80 par preferred stock at $85. 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. Fe. Ac b. What is the total amount invested (total paid-in capital) by all stockholders as of August 3