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Rodriguez Corporation issues 1 7 , 0 0 0 shares of its common stock for $ 2 8 8 , 0 0 0 cash on

Rodriguez Corporation issues 17,000 shares of its common stock for $288,000 cash on February 20. Prepare journal entries to record
this event under each of the following separate situations.
The stock has a $16 par value.
The stock has neither par nor stated value.
The stock has a $8 stated value.
Journal entry worksheet
A
B
C
Record the issue of 17,000 shares of $16 par value common stock for
$288,000 cash.
Note: Enter debits before credits.
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