Question
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 72,900 shares of $10 parcommon stockat $14, and on November 19, it issued
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 72,900 shares of $10 parcommon stockat $14, and on November 19, it issued for cash 20,640 shares ofpreferred stock, $50 par at $52.
Journalize the entries for October 31 and November 19.
What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
