On February 12, Quality Carpet Inc, a carpet wholesaler, issued for cash 736,000 shares of no-par common stock (with a stated value of $1.20) at $3.10, and on August 3, issued for cash 15,000 shares of preferred stock, $45 par at 564 Required: a Journalize the entries for February 12 and August 3, assuming that the common stock is to be credited with the stated value. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use ines for journal explanations. Every line on a joumal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered b. What is the total amount invested (total paid-in capital) by all stockholders as of August 37 Previous Next>