On February $12,$ Quality Carpet Inc., a carpet wholesaler, issued for cash $1,000,000$ shares of no$-$par common stock $($with a stated value of $$0\mathrm{.}25)$ at $$1\mathrm{.}20,$ and on August $3,$ it issued for cash $10,000$ shares of preferred stock, $$15$ par at $$21.$

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a$.$ Journalize the entries for February $12$ and August $3,$ assuming that the common stock is to be credited with the stated value.