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Rodriguez Corporation issues 10.000 shares of its common stock for $125.900 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 10.000 shares of its common stock for $125.900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $10 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. View transaction list Journal entry worksheet Record the issue of 10,000 shares of no-par, no-stated value common stock for $125,900 cash. Note: Enter debits before credits. Transaction General Journal Credit Debit 125,900 Cash Common stock dividend distributable Paid-in capital in excess of par value, common stock Record entry Clear entry View general journal Journal entry worksheet Record the issue of 10,000 shares of $5 stated value common stock for $125,900 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal
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