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Can you please help me be sure this is correct? Accounting Rodriguez Corporation issues 18.000 shares of its common stock for $343,600 cash on February
Can you please help me be sure this is correct? Accounting
Rodriguez Corporation issues 18.000 shares of its common stock for $343,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $18 par value. 2. The stock has neither par nor stated value. 3. The stock has a $9 stated value. Common stock, S18 par value Common stock, S9 stated value View transaction list View journal entry worksheet No c Transaction 3 General Joumal Cash Cash Common stock, no-par value Paid-in capital in excess of stated value, common stock Debit 343,600 343,600 343,600 Credit 324,000 19,600 343,600 162,000 181,600
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