Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1

Rodriguez Corporation issues 13,000 shares of its common stock for $112,000 cash on February 20. Prepare journal enteries to record this event under each of the following seperate situations.

1 Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 10 points Rodriguez Corporation issues 13,000 shares of its common stock for $112,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. Skipped 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. eBook View transaction list Hint Journal entry worksheet Ask Print Record the issue of 13,000 shares of $6 par value common stock for $112,000 cash. References Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal