Rodriguez Corporation issues 12,000 shares of its common stock for $56,600 cash on February 20. Prepare...
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Rodriguez Corporation issues 12,000 shares of its common stock for $56,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $1 stated value. View transaction list Journal entry worksheet A B C Record the issue of 12,000 shares of $2 par value common stock for $56,600 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Rodriguez Corporation issues 12,000 shares of its common stock for $56,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $1 stated value. View transaction list Journal entry worksheet A B C Record the issue of 12,000 shares of $2 par value common stock for $56,600 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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