Exercise 13-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 6,000 shares of its common stock for $117,800 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. The stock has a $16 par value. The stock has neither par nor stated value. The stock has a $8 stated value.

A )Record the issue of 6,000 shares of $16 par value common stock for $117,800 cash.

B) Record the issue of 6,000 shares of no-par, no-stated value common stock for $117,800 cash.

C) Record the issue of 6,000 shares of $8 stated value common stock for $117,800 cash.