entries for issuing par stock

On January 22, Jefferson County Rocks Inc., a marblo contractor, issued for cash 77,000 shares of $50 par common stock at $53, and on February 27, it issued for cash 17,040 shares of preferred stock. 510 par at 511 Required: a. Joumalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles. b. What is the total amount invested (total pald-in capital) by all stockholders as of February 27? CHART OF ACCOUNTS Jefferson County Rocks Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES . FRA A ructions Chart of Accounts LIABILITIES 210 Accounts Payable 221 Notes Payable 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 236 Stock Dividends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends Chart of Accounts Journal a. Journalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION POST, REK DESCRIPTION DEBIT CREDIT LABILITIES ASSETS EQUITY DATE Jan 22 Cash 1 2 1 a. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? 2