Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 17,000 shares of its common stock for $272,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet A 8 Record the issue of 17,000 shares of $14 par value common stock for $272,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash 272,100 Common stock, $14 par value