Rodriguez Corporation issues $15,000$ ?shares of its common stock for $$158,900$ ?cash on February $20.$ ?Prepare journal entries to record this event under each of the following separate situations.

The stock has a $$8$ ?par value.

The stock has neither par nor stated value.

The stock has a $$4$ ?stated value.

Journal entry worksheet

A

B

C

Record the issue of $15,000$ ?shares of $$8$ ?par value common stock for $$158,900$ ?cash.

Note: Enter debits before credits.

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