Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls answer both #3 & #6 Rodriguez Corporation issues 12,000 shares of its common stock for $201,500 cash on February 20 . Prepare journal entries

pls answer both #3 & #6
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Rodriguez Corporation issues 12,000 shares of its common stock for $201,500 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet Record the issue of 12,000 shares of $14 par value common stock for $201,500 cash. Note: Enter debits before creds. Rodriguez Corporation issues 12,000 shares of its common stock for $201,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet Record the issue of 12,000 shares of no-par, no-stated value common stock for $201,500 cash. Note: Enter debits betore credits. Rodriguez Corporation issues 12,000 shares of its common stock for $201,500 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. Journal entry worksheet Record the issue of 12,000 shares of $7 stated value common stock for $201,500 cash. Note: Enter debits before credits Sudoku Company issues 28,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $239,000 and the building at $375,000. Prepare the journal entry to record issuance of the stock in exchange for the fand and bullding. Journal entry worksheet Record the issue of 28,000 shares of $7 par value common stock in exchange for tand valued at $239,000 and a bullding valued at $375,000. Note: Enter debats before credats

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago