Entries for Issuing Par Stock

On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 20,000 shares of $25 par common stock at $85, and on February 27, it issued for cash 140,000 shares of preferred stock, $4 par at $8.

Question Content Area

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

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

Jan. 22	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockCash	Cash	Cash
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashDividends PayablePaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred Stock	- Select -	- Select -
Feb. 27	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockDividends PayablePaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred Stock	- Select -	- Select -

Question Content Area

b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $fill in the blank 418328027fd1011_1