Entries for Issuing Par Stock

On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 40,000 shares of $8 par common stock at $27, and on February 27, it issued for cash 150,000 shares of preferred stock, $4 par at $8.

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

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

Jan. 22	Cash	fill in the blank 5173a4fec04702e_2	fill in the blank 5173a4fec04702e_3
	Common Stock	fill in the blank 5173a4fec04702e_5	fill in the blank 5173a4fec04702e_6
	Paid-In Capital in Excess of Par-Common Stock	fill in the blank 5173a4fec04702e_8	fill in the blank 5173a4fec04702e_9
Feb. 27	Cash	fill in the blank 5173a4fec04702e_11	fill in the blank 5173a4fec04702e_12
	Preferred Stock	fill in the blank 5173a4fec04702e_14	fill in the blank 5173a4fec04702e_15
	Paid-In Capital in Excess of Par-Preferred Stock	fill in the blank 5173a4fec04702e_17	fill in the blank 5173a4fec04702e_18

b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $fill in the blank 90aa52fd6fc7fd8_1