Rodriguez Corporation issues $14,000$ shares of its common stock for $$98,100$ 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 $14,000$ shares of $$6$ par value common stock for $$98,100$ cash.

Note: Enter debits before credits.

Clear entry

VewmentalioumalRodriguez Corporation issues $14,000$ shares of its common stock for $$98,100$ 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 $14,000$ shares of $$6$ par value common stock for $$98,100$ cash.

Note: Enter debits before credits.

Clear entry

Vewmentalioumal