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Exercise 11.3 (Algo) Accounting for par, stated, and no.par stock issuances LO P1 Rodriguez Corporation issues 10,000 shares of its common stock for $184,700 cash
Exercise 11.3 (Algo) Accounting for par, stated, and no.par stock issuances LO P1 Rodriguez Corporation issues 10,000 shares of its common stock for $184,700 cash on Febnary 20 . Prepare joumal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has nelther par nor stated value. 3. The stock has a $8 stated value. Journal entry worksheet Record the issue of 10,000 shares of $16 par value common stock for $184,700 cash. Note: Enter debies belon credits. Exercise 11.3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 10,000 shares of its common stock for $184,700 cash on February 20 . Prepare joumal entrles to record this event under each of the following separate situations. 1. The stock has a $16 par volue. 2. The stock has nelther par nor stated value. 3. The stock has a $8 stated value. Journal entry worksheet c Record the issue of 10,000 shares of no-par, no-stated value common stock for $184,700 cash. Note: Enter debits before credits. Exercise 11.3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 10,000 shares of its common stock for $184,700 cash on February 20 . Prepare joumal entries to recor this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has nelther par nor stated value. 3. The stock has a $8 stated value. Journal entry worksheet Record the issue of 10,000 shares of $8 stated value common stock for $184,700 cash. Note: Enter debets before credits
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