Entries for issuing pr stock

On January 22, Jetterson County Rocks Inc, a marble contractor, issued for cash 77,000 shares of 50 par common stock at $63, and on February 27, it issued for cash 17,040 shares of preferred stock. $10 par at $11. Required: a. Joumalize the entries for January 22 and February 27. Rolor to the Chart of Accounts for exact wording of account tilos. b. What is the total amount invested (total puidun capital) by all stockholders as of February 27? of CHART OF ACCOUNTS Jefferson County Rocks Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation Equipment 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 536 Office Supplies Expense 537 Organizational Expenses LIABILITIES 210 Accounts Payable 221 Notes Pavable structions Chart of Accounts 181 Land or + 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable 710 Interest Expense 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 240 Retainer Farninne ot 1. Journaize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles PE 10 ACCOUNTING EQUATION JOURNAL LIABILITIES EQUITY DENT CREDIT ASSETS POSTRE DESCRIPTION DATE Jan 22 Cash Common Stock Paldin Capital incess of Par Common Stock Feb 27 Cach Preferred Stock Puis in Capital in Excess of Pur Peetened Stock Final Question a. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $ 1 2 3