The following is the Paid-In Capital section of stockholders’ equity for the Royce Corporation on June 1, 202X:

The following transactions occurred in the months of June and July:

1. Journalize the entries and update the stockholders’ equity ledger.
2. Prepare a new Paid-In Capital section of stockholders’ equity as of July 31,
202X.

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Paid-In Capital: Preferred Stock, $104 par, authorized 24,000 shares, 4,000 shares issued Paid-In Capital in Excess of Par Value-Preferred Common Stock, $23 par, authorized 50,000 shares, 21,000 shares issued Paid-In Capital in Excess of Par Value-Common Total Paid-In Capital $ 416,000 115,000 483,000 170,000 $1,184,000