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Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 9,000 shares of its common stock for $178,100 cash
Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 9,000 shares of its common stock for $178,100 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $18 par value. 2. The stock has neither par nor stated value. 3. The stock has a $9 stated value. Journal entry worksheet Record the issue of 9,000 shares of $18 par value common stock for $178,100 cash. Note: Enter debits before credits
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