Rodriguez Corporation issues $12,000$ shares of its common stock for $$102,700$ cash on February $20.$ Prepare journal entries to record this event under each of the following separate situations.

The stock has a $$6$ par value.

The stock has neither par nor stated value.

The stock has a $$3$ stated value.

Journal entry worksheet

A

B

C

Record the issue of $12,000$ shares of $$6$ par value common stock for $$102,700$ cash.

Note: Enter debits before credits.

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