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Please help, i will upvote. Rodriguez Corporation issues 12,000 shares of its common stock for $212,200 cash on February 20. Prepare journal entries to record
Please help, i will upvote.
Rodriguez Corporation issues 12,000 shares of its common stock for $212,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations 1. The stock has a 514 par value. 2. The stock has neither par nor stated value 3. The stock has a $7 stated value. View transaction list Journal entry worksheet A > Record the issue of 12,000 shares of $14 par value common stock for $212,200 cash Credit Note: Enter debits before credits Transaction General Journal 1 Cash Common stock, S15 par value Paid in capital in excess of par value, common stock Debit 212 200 192.000 22.600 Record entry Clear entry View general journal Step by Step Solution
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