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Rodriguez Corporation issues 11,000 shares of its common stock for $181,600 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 11,000 shares of its common stock for $181,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value 3. The stock has a $7 stated value. View transaction list Journal entry worksheet Record the issue of 11,000 shares of $14 par value common stock for $181,600 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record the issue of 11,000 shares of no-par, no-stated value common stock for $181,600 cash. Note: Enter debits before credits. General Journal TH Debit Transaction 2 Credit 1 IN 1 TO ID 11 1 TTT 11 1 Record the issue of 11,000 shares of $7 stated value common stock for $181,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 21 1 1 IT 1 1 1 1
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