Question
Exercise 13-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 8,000 shares of its common stock for $108,800 cash on
Exercise 13-3 Accounting for par, stated, and no-par stock issuances LO P1
Rodriguez Corporation issues 8,000 shares of its common stock for $108,800 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
- The stock has a $10 par value.
- The stock has neither par nor stated value.
- The stock has a $5 stated value.
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Using QuickBooks Online For Accounting
Authors: Glenn Owen
3rd Edition
0357391691, 9780357391693
