On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 55,000 shares of preferred stock, $10 par at $34. 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 b. What is the total amount invested (total paid-in capital) by all stockholders as of November 197
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 55,000 shares of preferred stock, $10 par at $34. 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 b. What is the total amount invested (total paid-in capital) by all stockholders as of November 197
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Entries for Issuing Par Stock
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $12, and on November 19, it issued
for cash 55,000 shares of preferred stock, $10 par at $34.
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
b. What is the total amount invested (total pald-in capital) by all stockholders as of November 197
ET.A...
J00000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2eab21cb-1cbc-4339-9c62-335ff85c7618%2F50516545-527f-495f-951e-5c3442cc01b9%2Fzyn3rtu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Entries for Issuing Par Stock
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $12, and on November 19, it issued
for cash 55,000 shares of preferred stock, $10 par at $34.
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
b. What is the total amount invested (total pald-in capital) by all stockholders as of November 197
ET.A...
J00000
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