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What is the total amount invested

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Question - On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 40,000 shares of $15 par common stock at $51, and on February 27, it issued for cash 90,000 shares of preferred stock, $4 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.

b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?

Reference no: EM132535032

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