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Journalize the entries for October and November

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Question - On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 73,600 shares of $10 par common stock at $15, and on November 19, it issued for cash 15,320 shares of preferred stock, $45 par at $55.

Required -

A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles.

B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19?

Reference no: EM132596995

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