Question
Exercise 13-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 14,000 shares of its common stock for $296,400
Exercise 13-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 14,000 shares of its common stock for $296,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $20 par value. 2. The stock has neither par nor stated value. 3. The stock has a $10 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 14,000 shares of $20 par value common stock for $296,400 cash. Note: Enter debits before credits. Transaction. General Journal Debit Credit Record entry Clear entry View general journal
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