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 $86,700 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. No Transaction A Answer is not complete. General Journal Cash Common stock, $8 par value Paid-in capital in excess of par value, common stock B 2 Cash Camman tekn Prev 1 of 1 Next > hp 000 Debit Credit 86,700 86,700 6 Returns