Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for...

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Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 160,000 shares of $5 par common stock at $9, and on November 19, it issued for cash 25,000 shares of preferred stock, $15 par at $51. a. Journalize the entries for October 31 and November 19. 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 Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what effect that has on recording the sale of stock. b. What is the total amount invested (total paid-in capital) by all stockholders as of November 197 Entries for Issuing Par Stock On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 160,000 shares of $5 par common stock at $9, and on November 19, it issued for cash 25,000 shares of preferred stock, $15 par at $51. a. Journalize the entries for October 31 and November 19. 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 Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what effect that has on recording the sale of stock. b. What is the total amount invested (total paid-in capital) by all stockholders as of November 197