Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 135,000 shares of no-par common stock (with a stated value of $5) at $15, and on August 3, it issued for cash 15,000 shares of $65 par preferred stock at $72. 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 800 X Common Stock 13,000 X Paid-In Capital In Excess of Stated Value-Common Stock 800 X Cash 800 x Aug. 3 Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock V Fredack b. What is the total amount invested (total pald-in capital) by all stockholders as of August 3? Feedback Feedback