Instructions

On January $22,$ Jefferson County Rocks Inc., a marble contractor, issued for cash $73,600$ shares of $$45$ par common stock at $$55,$ and on February $27,$ it issued for cash $15,320$ shares of

preferred stock, $$10$ par at $$15.$

Required:

a$.$ Journalize the entries for January $22$ and February $27.$ Refer to the Chart of Accounts for exact wording of account titles.

b$.$ What is the total amount invested $($total paid$-$in capital$)$ by all stockholders as of February $27?$