On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 320,000 shares of $5 par common stock at $12, and on November 19, it issued for cash 45,000 shares of preferred stock, $60 par at $72. 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 Cash Common Stock Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Common Stock Nov. 19 - Select - - Select - - Select - - Select - - Select - - Select - Feedback Area Question Content Area b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 320,000 shares of $5 par common stock at $12, and on November 19, it issued for cash 45,000 shares of preferred stock, $60 par at $72. 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 Cash Common Stock Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Common Stock Nov. 19 - Select - - Select - - Select - - Select - - Select - - Select - Feedback Area Question Content Area b. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?
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 320,000 shares of $5 par common stock at $12, and on November 19, it issued for cash 45,000 shares of
Question Content Area
a.
| Oct. 31 |
|
Cash | Cash |
|
|
Common Stock | Common Stock | |
|
|
Paid-In Capital in Excess of Par-Common Stock | Paid-In Capital in Excess of Par-Common Stock | |
| Nov. 19 |
|
- Select - | - Select - |
|
|
- Select - | - Select - | |
|
|
- Select - | - Select - |
Feedback Area
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
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