Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 40,000 shares of $24 par common stock at $82, and on February 27, it issued for cash 150,000 shares of preferred stock, $8 par at $11. 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 Common Stock Paid-In Capital in Excess of Par-Common Stock 3,400,000 1,000,000 2,400,000 Feb. 27 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock 540,000 360,000 180,000 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? 3,940,000 X $