Rodriguez Corporation issues $18,000$ shares of its common stock for $$278,200$ 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

B $C$

Record the issue of $18,000$ shares of $$14$ par value common stock for $$278,200$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$Make sure to explain $12$ and $3$M