Entries for Issuling No-Par Stock Qn February 12, Quality Carpet Inc, a carpet wholesaler, issued for cash 225,000 shares of no-par common stock (with a stated value of $4 ) at $12, and on August 3, it issued for cash 10,000 shares of preferred stock, $70 par at $76. a. Joumalize the entries for Februacy 12 ond August 3, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. re A) fenter: Totowhin Recal that a separate account is used for recording the amount of each clas of ucck-isued to imvestors in a corporation. Recall the defortion of legal capital and what affect that has on recording the sale of atock: b. What is the total amount invested (total paidrin captai) by ald thockholders as of August 37