Exerclse 11-3 (Algo) Accounting for par, stated, and no-par stock Issuances LO P1 Rodriguez Corporation issues 14,000 shares of its common stock for $95,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value. 3. The stock has a $2 stated value. Use the following Information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has a $4 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has no stated value. 4. A corporation issued 500 shares of $50 par value preferred stock for $64,000 cash. Exercise 11-4 (Algo) Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock