Entries for issuing par stock shares of preferred stock,

$8

par at

$12

.\ a. Journalize the entries for January 22 and February 27 . If an amount box does not require an entry, leave it blank.\ Jan. 22\ Paid-In Capital in Excess of Par-Common Stock\ Feb. 27\ Feedback\ Check My Work affect that has on recording the sale of stock.\ b. What is the total amount invested (total paid-in capital) by all stockholders as of February

27?

On January 22, Jefferson County Rocks Inc, a marble contractor, issued for cash 25,000 shares of $8 par common stock at $27, and on February 27 , it issued for cash 160,000 shares of preferred stock, $8 par at $12. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Ja 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. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27