On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 140,000 shares of $8 par common stock at $12, and on November 19, it issued for cash 60,000 shares of preferred stock, $18 par at $61. a.  Journalize the entries for October 31 and November 19. If an amount box does not require an entry, leave it blank. Oct. 31   fill in the blank  fill in the blank      fill in the blank  fill in the blank      fill in the blank  fill in the blank  Nov. 19   fill in the blank  fill in the blank      fill in the blank  fill in the blank      fill in the blank  fill in the blank  b.  What is the total amount invested (total paid-in capital) by all stockholders as of November 19? $fill in the blank

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A: Journal Entry is the primary step in recording the transactions in the books of accounts.The…

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A: a.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.