Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for...
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Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 90,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 35,000 shares of $15 par preferred stock at $51. a. Journalize the entries for October 31 and November 19. For a compound transaction, if an amount box does not require an entry, leave it blank. Oct. 31 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Nov. 19 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Feedback x b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? $ Feedback Feedback Check My Work Partially correct Entries for Issuing Par Stock On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 90,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 35,000 shares of $15 par preferred stock at $51. a. Journalize the entries for October 31 and November 19. For a compound transaction, if an amount box does not require an entry, leave it blank. Oct. 31 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Nov. 19 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Feedback x b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? $ Feedback Feedback Check My Work Partially correct
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