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On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 160,000 shares of $8 par common stock at $10, and on November 19,
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 160,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 30,000 shares of preferred stock, $12 par at $41. a. Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31 Nov. 19 88 b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
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