Rodriguez Corporation issues 15,000 shares of its common stock for $159,800 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.

• Record the issue of 15,000 shares of $8 par value common stock for $159,800 cash.
• Record the issue of 15,000 shares of no-par, no-stated value common stock for $159,800 cash.
• Record the issue of 15,000 shares of $4 stated value common stock for $159,800 cash.