EX 13-3 Entries for issuing par stock On February 25, Madison County Rocks Inc., a marble contractor, issued for cash 120,000 shares of $36 par common stock at $40, and on June 3, it issued for cash 50,000 shares of preferred stock, $8 par at $9. a. Journalize the entries for February 25 and June 3. b. What is the total amount invested (total paid-in eapital) by all stockholders as of June 3 OBJ. 3