Question
Rodriguez Corporation issues 11,000 shares of its common stock for $62,400 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 $62,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
| 1. | The stock has a $2 par value. |
| 2. | The stock has neither par nor stated value. |
| 3. | The stock has a $1 stated value |
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
