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Question - entries for issuing par stock what is the total

Question - Entries for Issuing Par Stock

On January 14, Peerless Rocks Inc., a marble contractor, issued for cash 65,000 shares of $12 par common stock at $41, and on March 17, it issued for cash 150,000 shares of $4 par preferred stock at $8.

a. Journalize the entries for January 14 and March 17.

b. What is the total amount invested (total paid-in capital) by all stockholders as of March 17?

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Accounting Basics: Question - entries for issuing par stock what is the total

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