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Entries for Issuing Par Stock On January 14, Peerless Rocks Inc., a marble contractor, issued for...

Entries for Issuing Par Stock On January 14, Peerless Rocks Inc., a marble contractor, issued for cash 40,000 shares of $24 par common stock at $82, and on March 17, it issued for cash 150,000 shares of $8 par preferred stock at $12. a. Journalize the entries for January 14 and March 17. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 14 Mar. 17 b. What is the total amount invested (total paid-in capital) by all stockholders as of March 17? $

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