Exercise 13-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation Issues 20,000 shares of its common stock for $312,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet A B C Record the issue of 20,000 shares of $14 par value common stock for $312,400 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit < Prev 2 of 12 Next >