(Answered) Problemon april 20 gallatin county rocks inc a marble

Accounting

Problem

On April 20, Gallatin County Rocks Inc., a marble contractor, issued for cash 73,600 shares of $45 par common stock at $55, and on August 7, it issued for cash 15,320 shares of preferred stock, $10 par at $15. Journalize the entries for April 20 and August 7. What is the total amount invested (total paid-in capital) by all stockholders as of August 7?

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