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What is the total amount invested by all stockholders

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On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 75,000 shares of $45 par common stock at $54, and on August 7, it issued for cash 20,000 shares of preferred stock, $10 par at $12.

Question A. Journalize the entries the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value.

Question B. What is the total amount invested (total paid-in capital) by all stockholders as of June 30?

Reference no: EM132463436

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