Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $12 par common stock at $41, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $7. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 8 38 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 200,000 shares of no-par common stock (with a stated value of $2) at $6, and on June 30, it issued for cash 30,000 shares of preferred stock, $90 par at $94. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. May 15 June 30 39 b. What is the total amount invested (total paid in capital) by all stockholders as of June 30? Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 17.000 shares of $15 par common stock with a current market price of $21. Joumalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. Nov. 23 88