Entries for issuing par stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 20,000 shares of $15 par common stock at $51, and on February 27 , it issued for cash 90,000 shares of preferred stock, $4 par at $7. a. Journalize the entries for 2 anuary 22 and February 27. If an amount box does not require on entry, leave it blank. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27 ? 1