Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 130,000 shares of preferred stock, $4 par at $6. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Common Stock X Paid-In Capital in Excess of Par-Preferred Stock Cash X 1,700,000 X 1,200,000 X 2,900,000 X Feb. 27 Preferred Stock X 520,000 X Paid-In Capital in Excess of Par-Common Stock X 520,000 X x Cash 780,000 X b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? 3,680,000