On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 35,000 shares of $12 par common stock at $41, 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	Cash
	Common Stock
	Paid-In Capital in Excess of Par-Common Stock
Feb. 27	Cash
	Preferred Stock
	Paid-In Capital in Excess of Par-Preferred Stock