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Rodriguez Corporation issues 14,000 shares of its common stock for $237,300 cash on February 20. Prepare journal entries to record this event under each
Rodriguez Corporation issues 14,000 shares of its common stock for $237,300 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet < 1 2 3 Record the issue of 14,000 shares of $14 par value common stock for $237,300 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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1 Stock has 14 par value Date February 20 Journal Entry Cash 237300 Common Stock 196000 1...Get Instant Access to Expert-Tailored Solutions
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