On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 30,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 120,000 shares of preferred stock $5 par at $9. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 fill in the blank 770465016fb7fa8_2 fill in the blank 770465016fb7fa8_3 fill in the blank 770465016fb7fa8_5 fill in the blank 770465016fb7fa8_6 fill in the blank 770465016fb7fa8_8 fill in the blank 770465016fb7fa8_9 Feb. 27 fill in the blank 770465016fb7fa8_11 fill in the blank 770465016fb7fa8_12 fill in the blank 770465016fb7fa8_14 fill in the blank 770465016fb7fa8_15 fill in the blank 770465016fb7fa8_17 fill in the blank 770465016fb7fa8_18 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? $ fill in the blank fa6284f90069fbe_1

Entries for Stock Dividends

Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Lifes balance sheet: Common stock (390,000 shares authorized ; 8,000 shares issued), $100 par, $800,000; Paid-In Capital in excess of par common stock, $80,000; and Retained earnings, $6,400,000. The board of directors declared a 2% stock dividend when the market price of the stock was $120 a share. Healthy Life reported no income or loss for the current year.

If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" from the dropdown.

a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

	Stock Dividends	fill in the blank 90e2e5f6400d001_2	fill in the blank 90e2e5f6400d001_3
	Stock Dividends Distributable	fill in the blank 90e2e5f6400d001_5	fill in the blank 90e2e5f6400d001_6
	Paid-In Capital in Excess of Par-Common Stock	fill in the blank 90e2e5f6400d001_8	fill in the blank 90e2e5f6400d001_9

a2. Journalize the entry to record the issuance of the stock certificates.

	Stock Dividends Distributable	fill in the blank b8145cfed07efb7_2
	Common Stock		fill in the blank b8145cfed07efb7_4

b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.

Total paid-in capital	$fill in the blank eb2f55087f9005b_1
Total retained earnings	$fill in the blank eb2f55087f9005b_2
Total stockholders' equity	$fill in the blank eb2f55087f9005b_3

c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.

Total paid-in capital	$fill in the blank eb2f55087f9005b_4
Total retained earnings	$fill in the blank eb2f55087f9005b_5
Total stockholders' equity	$fill in the blank eb2f55087f9005b_6