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Rodriguez Corporation issues 11,000 shares of its common stock for $133,700 cash on February 20. Prepare journal entries to record this event under each
Rodriguez Corporation issues 11,000 shares of its common stock for $133,700 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 A B C Record the issue of 11,000 shares of $10 par value common stock for $133,700 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > A Record the issue of 11,000 shares of $10 par value common stock for $133,700 cash. B Record the issue of 11,000 shares of no-par, no-stated C value common stock for $133,700 cash. Record the issue of 11,000 shares of $5 stated value common stock for $133,700 cash.
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