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I previously posted this question but couldnt see the full answer that was given. Rodriguez Corporation issues 14,000 shares of its common stock for $160,300
I previously posted this question but couldnt see the full answer that was given.
Rodriguez Corporation issues 14,000 shares of its common stock for $160,300 cash on February 20. Prepare journal entries to record this event under each of the following separate situations 1. The stock has a $10 par value 2 The stock has neither par not stated value 3. The stock has a $5 stated value. View transaction list Journal entry worksheet Record the issue of 14,000 shares of $10 par value common stock for $160,300 cash. Note: Enter debit before crys. Debit Credit 160.300 140,000 Transaction General Journal 1 Cash Common stock $10 par value Paid-in capital in excess par value common stock Rodriguez Corporation issues 14,000 shares of its common stock for $160,300 cash on February 20, Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $10 par value 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. View transaction list Journal entry worksheet Step by Step Solution
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