Part 1

Part 2

Rodriguez Corporation issues 12,000 shares of its common stock for $228,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value Transaction General journal Debit Credit Record the issue of 12,000 shares of $16 par value common stock for $228,000 cash. Record the issue of 12,000 shares of no-par, no-stated value common stock for $228,000 cash Record the issue of 12,000 shares of $8 stated value common stock for $228,000 cash. 1. 2. 3