Entries for issuing par stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 55,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 90,000 shares of preferred stock, $5 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. Date Jan. 22 Cash Common Stock Account Paid-In Capital in Excess of Par-Common Stock Feb. 27 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Debit Credit LUL