Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 7,000 shares of its common stock for $122,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value. View transaction list Journal entry worksheet Record the issue of 7,000 shares of $16 par value common stock for $122,200 cash. Note: Enter debits before credits. Transaction Debit Credit 122,200 1 General Journal Cash Common stock, $16 par value Paid-in capital in excess of par value, common stock Record entry Clear entry View general journal Journal entry worksheet Record the issue of 7,000 shares of no-par, no-stated value common stock for $122,200 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet B > Record the issue of 7,000 shares of $8 stated value common stock for $ 122,200 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal