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On May 15, Helens Carpet Inc, a carpet wholesalec, issued for cash 225,000 shares of no-par common stock (with a stated value of $3 )

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On May 15, Helens Carpet Inc, a carpet wholesalec, issued for cash 225,000 shares of no-par common stock (with a stated value of $3 ) at 512 , and on June 30 , it issued for cash 15,000 shores of preferred stock, $75 par at $79. a. dournalize the entries for May 15 and June 30 , assuming that the common stock is to be credited with the stated value. If an amount box does nok require an entry, leove it biank. Fowitea * oreak wis Recall that a separate account is used for recording the amount of each class of stock-issued to investors in a corporation: Recalf the definition of legal capital and what affect that has on recording the sale of stock. b. What is the total amount imvested (total paid-lo captas) by all stocincldern as of June 30 ? Entries for issuing no-por stock On Map 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 225,000 shares of no-par cmmmon stock (with a stated value of \$3) at \$12, and an funn 30, it issued for cauh $5,000 shares of preferred stock, $75 par at $79. a. Journalize the entries for May 15 and June 39 , assuming that the common stock is to be credited wath the stated yalue; If an amount box does noc requife an entry. leeve it blank Recall that a separate account is lised for recorong the amount of each dass of aceck issued to invettors in a corporation, pecall the definition of iegal cabital and what arfect that has en recortiog the sale of ttock b. What is the total ampunt invesed (total paid-in caotal) by al stoclinglders as of June 3a

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