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Rodriguez Corporation issues 15,000 shares of its common stock for $143,400 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 15,000 shares of its common stock for $143,400 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.
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