Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 7,000 shares of its common stock for $156,900 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 A B C Record the issue of 7,000 shares of $16 par value common stock for $156,900 cash. Note: Enter debits before credits. General Journal Debit 156,900 Credit Transaction 1 Cash Common stock, no-par value Record entry Clear entry View general journal >