Rodriguez Corporation issues 14,000 shares of its common stock for $96,500 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. No Transaction A 1 Cash B 2 Answer is not complete. General Journal Common stock, $6 par value Paid-in capital in excess of par value, common stock Cash Common stock, no-par value C 3 Cash Common stock, $3 stated value Paid-in capital in excess of stated value, common stock 300 Debit Credit 96,500 96,500 (