On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on February 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12. a.  Journalize the entries for January 22 and February 27. b.  What is the total amount invested (total paid-in capital) by all stockholders as of February 27?

College Accounting, Chapters 1-27
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Chapter20: Corporations: Organization And Capital Stock
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Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...
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Entries for issuing par stock


On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34, and on February 27, it issued for cash 15,000 shares of preferred stock, $9 par at $12.
a.  Journalize the entries for January 22 and February 27.
b.  What is the total amount invested (total paid-in capital) by all stockholders as of February 27?

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