Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued...
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Entries for Issuing No-Par Stock On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 290,000 shares of no-par common stock (with a stated value of $2) at $8, and on August 3, it issued for cash 30,000 shares of $65 par preferred stock at $71. a What is the total amount invested (total paid-in capital) by all stockholders as of August 3?
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