Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 12,000 shares of its common stock for $236,000 cash on February 20. Prepare 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. View transaction list Journal entry worksheet 2 3 Record the issue of 12,000 shares of $16 par value common stock for $236,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit