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On May 15, Helena Carpet Inici, a carpet wholesaler, issued for cash. 245,000 shares of no-par common stock (with a stated value of $3) at

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On May 15, Helena Carpet Inici, a carpet wholesaler, issued for cash. 245,000 shares of no-par common stock (with a stated value of \$3) at $12, and on June 30 , it issued for cash 30,000 shares of prefieried stocks 575 par at $79. a. Joumalize the entries for Mey 15 and June 30, assuming that the common stock is to be credited with the stated value, If an omount box does not requie an entry, leave it blank. b. What is the total amount invested (total paid-in capital) by all stockholders as of lune 307

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