Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan, 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 130,000 shares of preferred stock, $5 par at $8. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan, 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Entries for Issuing Par Stock
On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $15 par common stock at $51, and on February 27, it issued for cash
130,000 shares of preferred stock, $5 par at $8.
a. Journalize the entries for January 22 and February 27.
If an amount box does not require an entry, leave it blank.
Jan: 22
Feb. 27
b. What is the total amount invested (total paid-in capital) by all stockholders as of February 277
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