Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 19,000 shares of its common stock for $87,800 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $1 stated value. View transaction list Journal entry worksheet Record the issue of 19,000 shares of $2 par value common stock for $87,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash 38,000 Paid-in capital in excess of par value, common stock Journal entry worksheet