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On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 130,000 shares of $5...

On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 130,000 shares of $5 par common stock at $7, and on November 19, it issued for cash 45,000 shares of $25 par preferred stock at $85.

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

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

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