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Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 9.000 shares of its common stock for $166,000 cash on

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Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 9.000 shares of its common stock for $166,000 cash on February 20. Prepare journal entrie this event under each of the following separate situations. 1. The stock has a $14 par value, 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. N View transaction list Journal entry worksheet A B Record the issue of 9,000 shares of $14 par value common stock for $166,000 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry 50 BO Rodriguez Corporation issues 9000 shares of the common stock for $166,000 cash on February 20. Prepare journal entries to record this event under esch of the following separate stations ook 1. The stock has a $14 per value 2. The stock has neither or stated value 3. The stock has a 57 stated value de ai o o Journal entry worksheet PA

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