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I NEED BOTH QUESTIONS ANSWERED!!! thanks. intries for Issuing No-Par Stock On February 12, Quality Carpet Incy, a carpet wholesaler, issued for cash 305,000 shares
I NEED BOTH QUESTIONS ANSWERED!!! thanks.
intries for Issuing No-Par Stock On February 12, Quality Carpet Incy, a carpet wholesaler, issued for cash 305,000 shares of no-par common stock (with a stated value of $4 ) at $16, and on August 3, it ssued for cash 30,000 shares of preferred stock, $70 par at $75. a. Journalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. If an amount box does not recuire an entry, leave it blank. b. What is the total amount invested (total pald-in capital) by all stocichelders as of August 37 The declaration, record, and payment dates in connection with a cash dividend of $30,300 on a corporation's common stock are January 12 , March 13 , and April 12 . If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank Step by Step Solution
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