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Instructions On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 72,900 shares of $50 par common stock at S52, and on
Instructions On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 72,900 shares of $50 par common stock at S52, and on February 27, it issued for cash 20,640 shares of preferred stock, S10 par at $14. Journal a. Journalize the entries for January 22 and February 27. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING E DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIE 1 2 3 4 5 6 Final Question 6. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $
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