On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 625,000 shares of no-par common stock (with a stated value of $2.25 ) at $5, and on June 30 , it issued for cash 22,000 shares of preferted stock, $50 par at $62. a. Joumalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the-stated value, if an amount bor does not: require an entry, leave it blank. 3u TCreak is Wes Recall that a separate account is used for recorging the amount of aach class of stock issued to investors in a corporarisis. Ahe cal the defiritign of legat capital and what affect that has on tecording the sale of atock