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Rodriguez Corporation issues 12,000 shares of its common stock for $135,800 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 12,000 shares of its common stock for $135,800 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 Record the issue of 12,000 shares of no-par, no-stated value common stock for $135,800 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Cash Common stock, no-par value Record entry Clear entry View general journal > Rodriguez Corporation issues 12,000 shares of its common stock for $135,800 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 12,000 shares of $10 par value common stock for $135,800 cash. Note: Enter debits before credits. Transaction 1 Cash General Journal Common stock, $10 par value Paid-in capital in excess of par value, common stock Record entry Clear entry Debit 135,800 Credit View general journal > Rodriguez Corporation issues 12,000 shares of its common stock for $135,800 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 Record the issue of 12,000 shares of $5 stated value common stock for $135,800 cash. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal >
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