Case study of cinderella rocks

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Reference no: EM13257754

On February 4, Cinderella Rocks Inc., a marble contractor,issued for cash 30,000 shares of $20 par common stock at $64, and on March 31, it issued for cash 18,000 shares of $75 par preferred stock at $90.

Illustrate the effects on the accounts and financial statements of the February 4 and March 31 transactions.

What is the total amount invested (total paid-incapital) by all stockholders as of March 31?

Reference no: EM13257754

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