On August 5, Synthetic Carpet Inc., a carpet wholesaler, issued for cash 500,000 shares of no-par common stock (with a stated value of $1) at $3, and on December 17, it issued for cash 5,000 shares of preferred stock, $180 par at $200

Journalize the entries for August 5 and December 17, assuming that the common stock is to be credited with the stated value.

For a compound transaction, if an amount box does not require an entry, leave it blank

What is the total amount invested (total paid-in capital) by all stockholders as of December 17?