Chapter 12 Problem Set eBook Show Me HowCalculator Print Item Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 140,000 shares of preferred stock $8 par at $10. 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 1. EX 12-03.ALGO 2. EX.12-08 ALGO 3. EX.12-09 ALGO 4. EX.12-10.ALGO 5. EX.12-11 ALGO Common Stock Paid-In Capital in Exoess of Par-Common Stock 6. EX.12-15 ALGO 7. EX.12-18.ALGO Feb. 27 Cash Preferred Stock 8. EX.12-20.ALGO Paid-In Capital in Exoess of Par-Preferred Stock Feedback Check My Wark Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock. Learning Objective 2. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27