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What is the total amount invested by all stockholders

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Question - Entries for Issuing Par Stock - On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 100,000 shares of $8 par common stock at $10, and on November 19, it issued for cash 30,000 shares of $8 par preferred stock at $27.

Required -

a. Journalize the entries for October 31 and November 19.

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

Reference no: EM133099322

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