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On October 3 1 , Legacy Rocks Inc., a marble contractor, issued for cash 7 4 , 6 0 0 shares of $ 1 0

On October 31, Legacy Rocks Inc., a marble contractor, issued
for cash 74,600 shares of $10 par common stock at $12, and on
November 19, it issued for cash 15,640 shares of preferred stock,
$40 par at $56. Required: A. Journalize the entries for October 31
and November 19. Refer to the Chart of Accounts for exact wording
of account titles. B. What is the total amount invested (total
paid-in capital) by all stockholders as of November 19?

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