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Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 14,000 shares of its common stock for $124,100 cash

Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 14,000 shares of its common stock for $124,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $8 par value. 2. The stock has neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 14,000 shares of $8 par value common stock for $124,100 cash. Note: Enter debits before credits Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal

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