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On January 22, Rodriquez Corporation issued for cash 50,000 shares of no-par common stock at $8 per share. On February 14, Rodriguez Corporation issued 6,000
On January 22, Rodriquez Corporation issued for cash 50,000 shares of no-par
common stock at $8 per share. On February 14, Rodriguez Corporation issued 6,000
shares of $15 par value, 3% preferred stock, for $117,000 cash. On August 30,
Rodriguez Corporation issued 8,000 shares of $20 stated value common stock for
$35 cash per share. Journalize the entries to record the January 22, February 14, and
August 30 transactions.
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