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Rodriguez Corporation issues 10,000 shares of its common stock for $112,700 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 $112,700 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.
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Financial Accounting A Critical Approach
Authors: John Friedlan
1st Edition
0130193720, 978-0130193728
