Rodriguez Corporation issues 17,000 shares of its common stock for $241,500 cash on February 20. Prepare Journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value. 2. The stock has neither par nor stated value. 3. The stock has a $6 stated value. View transaction list Journal entry worksheet 1 2 3 Record the issue of 17,000 shares of $12 par value common stock for $241,500 cash Note: Enter debits before credits Transaction Debit Credit 1 General Journal Cash Common stock, $12 par value Paid-in capital in excess of par value, common stock Record entry Clear entry View general Journal