11 Ex 1

Rodriguez Corporation issues 15,000 shares of its common stock for $72,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value 3. The stock has a $2 stated value View transaction list Journal entry worksheet 2 Record the issue of 15,000 shares of $4 par value common stock for $72,200 cash Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 Record the issue of 15,000 shares of no-par, no-stated value common stock for $72,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the issue of 15,000 shares of $2 stated value common stock for $72,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal