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A Record the issue of 6,000 shares of $6 par value common stock for $72,000 cash. B Record the issue of 6,000 shares of no-par,
A
Record the issue of 6,000 shares of $6 par value common stock for $72,000 cash.
B
Record the issue of 6,000 shares of no-par, no-stated value common stock for $72,000 cash.
C
Record the issue of 6,000 shares of $3 stated value common stock for $72,000 cash.
Rodriguez Corporation issues 6,000 shares of its common stock for $72,000 cash on February 20 . Prepare journal entries to record his event under each of the following separate situations. 1. The stock has a $6 par value. 2. The stock has neither par nor stated value. 3. The stock has a $3 stated valueStep by Step Solution
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