Question
Rodriguez Corporation issues 17,000 shares of its common stock for $146,700 cash on February 20. Prepare journal entries to record this event under each
Rodriguez Corporation issues 17,000 shares of its common stock for $146,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $6 par value. 2. The stock has neither par nor stated value. 3. The stock has a $3 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 17,000 shares of $6 par value common stock for $146,700 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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