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Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 285,000 shares of no-per common stock (with a

Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 285,000 shares of no-per common stock (with a stated value of $3) at $9, and on June 30, sued for cash 30.000 shares of pro, 70 pr a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave t May 15 June 30 b. What is the total amount invested (total paid-in capital) by all stockholders as of June 307

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