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Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 11,000 shares of its common stock for $158,900 cash
Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 11,000 shares of its common stock for $158,900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations, 1. The stock has a $12 par value. 2. The stock has neither par nor stated value. 3. The stock has a $6 stated value. View transaction list Journal entry worksheet B Record the issue of 11,000 shares of $12 par value common stock for $158,900 cash Note: Enter debits before credits Tramenti u aumal Journal entry worksheet Record the issue of 11,000 shares of no-par, no-stated value common stock for $158,900 cash. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet MacBook Fa 2 Cus $ 4 96 5 0) & 7 8 9 E 20 T Y U D F G H J K
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