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$12. a. Journalize the entries for January 22 and February...

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Accounting

$12.
a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank.
Jan. 22!
Common Stock
Paid-In Capital in Excess of Par-Common Stock
Feb. 27
Preferred Stock
Paid-In Capital in Excess of Par-Preferred Stock
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of stock.
b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27?
$
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Paid-in capital refers to how much has been paid into the corporation by stockholders in order to be owners.
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