Rodriguez Corporation issues $14,000$ shares of its common stock for $$242,400$ 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.

Journal entry worksheet

A

B

C

Record the issue of $14,000$ shares of $$14$ par value common stock for

$$242,400$ cash.

Note: Enter debits before credits.