Exercise 13-3 Accounting for par, stated, and no-par stock Issuances LO P1 Rodriguez Corporation issues 7000 shares of its common stock for $69.900 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. View transaction at Journal entry worksheet