Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 16,000 shares of its common stock for $144,700 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 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. Journal entry worksheet Record the issue of 16,000 shares of $6 par value common stock for $144,700 cash. Note: Enter debits before credits. Rodriguez Corporation issues 16,000 shares of its common stock for $144,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 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. Journal entry worksheet Record the issue of 16,000 shares of no-par, no-stated value common stock for $144,700 cash. Note: Enter debits before credits. Rodriguez Corporation issues 16,000 shares of its common stock for $144,700 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 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. Journal entry worksheet Record the issue of 16,000 shares of $3 stated value common stock for $144,700 cash. Note: Enter debits before credits