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Rodriguez Corporation issues 1 8 , 0 0 0 shares of its common stock for $ 8 4 , 7 0 0 cash on February

Rodriguez Corporation issues 18,000 shares of its common stock for $84,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
The stock has a $4 par value.
The stock has neither par nor stated value.
The stock has a $2 stated value.

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