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Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 17,000 shares of its common stock for $341,300 cash on
Exercise 11-2 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 17,000 shares of its common stock for $341,300 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. View transaction list Journal entry worksheet Record the issue of 17,000 shares of $18 par value common stock for $341,300 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal Clear entry Record entry View general journal Journal entry worksheet Record the issue of 17,000 shares of no-par, no-stated value common stock for $341,300 cash. Note: Enter debits before credits. Transaction General Journal DebitCredit Record entry Clear entry View general journal Journal entry worksheet Record the issue of 17,000 shares of $9 stated value common stock for $341,300 cash Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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