Rodriguez Corporation issues 11,000 shares of its common stock for $91,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

1. The stock has a $6 par value.
2. The stock has neither par nor stated value.
3. The stock has a $3 stated value.

Journal entry

a. Record the issue of 11,000 shares of $6 par value common stock for $91,500 cash.

b. Record the issue of 11,000 shares of no-par, no-stated value common stock for $91,500 cash.

c. Record the issue of 11,000 shares of $3 stated value common stock for $91,500 cash.