What is the total amount invested by all stockholders

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Reference no: EM13790709

On February 25, Madison County Rocks Inc., a marble contractor, issued for cash 120,000 shares of $36 par common stock at $40, and on June 3, it issued for cash 50,000 shares of $8 par preferred stock at $9.

a. Journalize the entries for February 25 and June 3.

For a compound transaction, if an amount box does not require an entry, leave it blank.

b. What is the total amount invested (total paid-in capital) by all stockholders as of June 3?

Reference no: EM13790709

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