017-109 × CengageNowv2 | Online taachin. cnog, study i Guided Book Show Me How C

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017-109 × CengageNowv2 | Online taachin. cnog, study i Guided Book Show Me How Calculator n 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 issue or cash 120,000 shares of preferred stock $5 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 . Common Stock Pald-In Capltal In Excess of Par-Common Stock 500,000 Feb. 27 Cash . Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock , b. What is the total amount invested (total paid-in capital) by all stockholders as of February 277 Feedbaci Check My Work Paid-in capital refers to how much has been paid Into the corporation by stockholders in order to be owners Learning Objective 2. Check My Work PreviousNext Email Instructor Save and Exit Submit Assignment for Grading

Explanation / Answer

22-Jan Cash 1700000 Common stock 500000 paid in capital in excess of par -CS 1200000 27-Feb Cash 840000 preferred stock 600000 paid in capital in excess of par -PS 240000 b) paid in capital 2540000

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