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Rodriguez Corporation issues 14,000 shares of its common stock for $99,400 cash on February 20. Prepare Journal entries to record this event under each of
Rodriguez Corporation issues 14,000 shares of its common stock for $99,400 cash on February 20. Prepare Journal entries to record this event under each of the following separate situations, 1. The stock hos a $4 par value 2. The stock has noither par nor stated volue, 3. The stock has a $2 stated value. A Record the issue of 14,000 shares of $4 par value common stock for $99,400 cash. B. Record the issue of 14,000 shares of no-par, no-stated value common stock for $99,400 cash. C Record the issue of 14,000 shares of $2 stated value C common stock for $99,400 cash
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