On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 110,000 shares of $5 par common stock at $8, and on November 19, it issued for cash 50,000 shares of preferred stock, $10 par at $34.

Question Content Area

a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank.

Oct. 31	Cash
	Common Stock
	Paid-In Capital in Excess of Par-Common Stock
Nov. 19	Cash
	Preferred Stock
	Paid-In Capital in Excess of Par-Preferred Stock

b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?