Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 12,000 shares of its common stock for $258,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $20 par value. 2. The stock has neither par nor stated value. 3. The stock has a $10 stated value. View transaction list Journal entry worksheet A B C Record the issue of 12,000 shares of $20 par value common stock for $258,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1. The stock has a $20 par value. 2. The stock has neither par nor stated value. 3. The stock has a $10 stated value. View transaction list Journal entry worksheet B Record the issue of 12,000 shares of no-par, no-stated value common stock for $258,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit