Entries for Issuing Par Stock

On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 30,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 110,000 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	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockCash
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained EarningsCommon Stock
	CashDividends PayablePaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockPaid-In Capital in Excess of Par-Common Stock
Feb. 27	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockCash
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained EarningsPreferred Stock
	CashCommon StockDividends PayablePaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPaid-In Capital in Excess of Par-Preferred Stock

b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?