B:

Record the issue of 16,000 shares of no-par, no-stated value common stock for $295,900 cash.

C:

Record the issue of 16,000 shares of $8 stated value common stock for $295,900 cash.

Rodriguez Corporation issues 16,000 shares of its common stock for $295,900 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value. Journal entry worksheet Record the issue of 16,000 shares of $16 par value common stock for $295,900 cash. Note: Enter debits before credits