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Rodriguez Corporation issues 14,000 shares of its common stock for $152,600 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 $152,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $8 par value. 2. The stock has neither par nor stated value. 3. The stock has a $4 stated value. Journal entry worksheet A Record the issue of 14,000 shares of $8 par value common stock for $152,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet A Record the issue of 14,000 shares of no-par, no-stated value common stock for $152,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet B A Record the issue of 14,000 shares of $4 stated value common stock for $152,600 cash. Note: Enter debits before credits. Debit Transaction General Journal Credit 3 Record entry Clear entry View general journal
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