Entries for Issuing Par Stock

On January $22,$ Jefferson County Rocks Inc., a marble contractor, issued for cash $30,000$ shares of $$18$ par common stock at $$61,$ and on February $27,$ it issued for cash $100,000$ shares of preferred stock, $$8$ par at $$12.$

a$.$ Journalize the entries for January $22$ and February $27.$

If an amount box does not require an entry, leave it blank.

Jan. $22$

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Feb. $27$

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b$.$ What is the total amount invested $($total paid$-$in capital$)$ by all stockholders as of February $27?$

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