Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 55,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 110,000 shares of preferred stock $8 par at $10. 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 2,805,000 Common Stock 825,000 Paid-In Capital in Excess of Par-Common Stock 1,980,000 Feb. 27 Cash X Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Feedback Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock. Learning Objective 2. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27