Entries for issuing par stock Instructions Chart of Accounts Journal Final Question IO Instructions On January 22, Jefferson County Rocks Inc. a marble contractor, issued for cash 77,000 shares of $50 par common stock at $53, and on February 27, it issued for cash 17.040 shares of preferred stock 510 par at $11 Required: a. Journalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles b. What is the total amount invested (total paid-in capcal) by all stockholders as of February 277 Instructions Chart of Accounts Journal Final Question Chart of Accounts ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation Equipment EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Soling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable AN Journal Final Question Instructions Chart of Accounts Chart of Accounts 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable 261 Mortgage Note Payable 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid in Capital in Excess of Par-Preferred Stock 331 Paid In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary ebook 4 Show Me How Entries for issuing par stock Instructions Chart of Accounts Journal Final Question Journal Joumize the entries for January 22 and February 27. Arter to the Chart of Accounts for exact wording of account belen PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTRE DEBIT ORDIT ASSETS LUTUS COUITY Entries for issuing par stock Instructions Chart of Accounts Journal Final Question Final Question b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27