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 $113,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $6 par value. 2. The stock has neither par nor stated value. 3. The stock has a $3 stated value. A No Transaction 1 Cash Answer is not complete. General Journal Debit Credit 182,300 Common stock dividend distributable Paid-in capital in excess of par value, common stock 70,000 112,300