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Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 35,000 shares of $25 par stock at $85, and on February 27, it issued for cash 160,000 shares of preferred stock, $4 par at $7. 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 x 2,975,000 Common Stock x 875,000 Paid-In Capital in Excess of Par-Common Stock 210,000 X Feb. 27 Cashx Preferred Stock x lll Paid-In Capital in Excess of Par-Common Stock Feedback Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to inve corporation. Recall the definition of legal capital and what affect that has on recording the sale of st b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27