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On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 130,000 shares of $5 par common stock at $7, and on November 19, it issued for cash 30,000 shares of preferred stock, $20 par at $68. Question Content Area a.  Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31                       Nov. 19                         Question Content Area b.  What is the total amount invested (total paid-in capital) by all stockholders as of November 19?$fill in the blank e00bf7fa4071fcc_1

On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 130,000 shares of $5 par common stock at $7, and on November 19, it issued for cash 30,000 shares of preferred stock, $20 par at $68. Question Content Area a.  Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31                       Nov. 19                         Question Content Area b.  What is the total amount invested (total paid-in capital) by all stockholders as of November 19?$fill in the blank e00bf7fa4071fcc_1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 130,000 shares of $5 par common stock at $7, and on November 19, it issued for cash 30,000 shares of preferred stock, $20 par at $68.

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
 
    
 
 
    
 
 
    
Nov. 19
 
    
 
 
    
 
 
    
 

Question Content Area

b.  What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
$fill in the blank e00bf7fa4071fcc_1

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