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Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $18 par common stock
Entries for Issuing Par Stock
On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $18 par common stock at $61, and on February 27, it issued for cash 110,000 shares of preferred stock $5 par at $9.
a. Journalize the entries for January 22 and February 27.
If an amount box does not require an entry, leave it blank.
Jan. 22 | |||
Feb. 27 | |||
b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $
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