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Rodriguez Corporation issues 1 1 , 0 0 0 shares of its common stock for $ 1 9 8 , 2 0 0 cash on

Rodriguez Corporation issues 11,000 shares of its common stock for $198,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
The stock has a $14 par value.
The stock has neither par nor stated value.
The stock has a $7 stated value.

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