On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 770,000 shares of no-par common stock (with a stated valu Required: A. Joumalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. of Accounts for exact wording of account titles. B. What is the total amount invested (total paid-in capital) by all stockholders as of August 3? 770.000 shares of no par common stock (with a stated value of 1.40) at $3.60, and on August 3, it issued for cash 15,700 shares of preferred stock 545 par at 500 had the common stock is to be credited with the stated value. Refer to the Chart ckholders as of August 3? 8. What is the total amount invested (total paid-in capital) by all stockholders as of August 3? JOURNAL ACCOUNTINO E DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LABILITIC 1 2 3 4 5 6