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Rodriguez Corporation issues 1 6 , 0 0 0 shares of its common stock for $ 1 4 7 , 3 0 0 cash on

Rodriguez Corporation issues 16,000 shares of its common stock for $147,300 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
Record the issue of 16,000 shares of $8 par value common stock for $147,300
cash.
Note: Enter debits before credits.
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