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1. Record the issue of 9000 shares of $10 par value common stock for $109400 cash2. Record the value of 9000 shares of no par,

1. Record the issue of 9000 shares of $10 par value common stock for $109400 cash2. Record the value of 9000 shares of no par, no stated value common stock for $109400 cash3. Record the issue of 9000 shares of $5 states value common stock for $109400

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Rodriguez Corporation issues 9,000 shares of its common stock for $109,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $10 par value. 2. The stock has neither par nor stated value. 03 3. The stock has a $5 stated value. View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit 1 1 Cash 109,400 Common stock, $10 par value Paid-in capital in excess of par value, common stock 2 2 Cash 109,400 Common stock, no-par value 109,400 3 3 Cash 109,400 Common stock, $5 stated value Paid-in capital in excess of stated value, common stock

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