Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 55,000 shares of $15 par common stock at $51, and on February 27, it issund for cash 160,000 shares of preferred stock, $5 par at $9. a. Journalire the entries for January 22 and February 27, If an amount box does not require an entry, leave it blank. Jan. 22 III III II) 110 Feb. 27 b. What is the total amount invested (total pald-in capital) by all stockholders as of February 27 Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 20,000 shares of $10 par common stock with a current market price of $15. Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. Nov. 23 110 100