Question
Exercise 13-2 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 15,000 shares of its common stock for $128,900 cash on
Exercise 13-2 Accounting for par, stated, and no-par stock issuances LO P1
Rodriguez Corporation issues 15,000 shares of its common stock for $128,900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
- The stock has a $6 par value.
- The stock has neither par nor stated value.
- The stock has a $3 stated value
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
