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 $187,000 cash on February 20. Prepare journal entries to record 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. View transaction list X A Record the issue of 12,000 shares of $14 par value common stock for $187,000 cash. > B Record the issue of 12,000 shares of no-par, no-stated value common stock for $187,000 cash. br C Record the issue of 12,000 shares of $7 stated value common stock for $187,000 cash. Credit Note : Journal entry has been entered Record entry Clear entry View general journal