Expert answer:non-accounting majors, accounting homework

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Answer & Explanation:On January 29, Quality Marble Inc., a marble contractor, issued for cash 75,000 shares of $10 par common stock at $23, and on May 31, it issued for cash 100,000 shares of $4 par preferred stock at $6. a. Illustrate the effects on the accounts and financial statements of the January 29 and May 31 transactions. b. What is the total amount invested (total paid-in capital) by all stockholders as of May 31?Please use the spreadsheet provided to enter the information. Need answer today, thank you. copy_of_u10template.xlsx
copy_of_u10template.xlsx

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Exercise 8-17
a.
Statement of
Cash Flows
Statement of
Cash Flows
b. Show your work.
Assets =
Balance Sheet
Liabilities +
Assets =
Balance Sheet
Liabilities +
Income Statement
Stockholders’ Equity
Income Statement
Stockholders’ Equity
Exercise 8-22
February 6
Statement of
Cash Flows
Balance Sheet
Assets =
Liabilities +
Statement of
Cash Flows
Balance Sheet
Assets =
Liabilities +
March 9
April 8
Income Statement
Stockholders’ Equity
Income Statement
Stockholders’ Equity
…
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