Rodriguez Corporation issues 17,000 shares of its common stock for $80,100 cash on February 20. Prepare...

Transcribed Image Text:

Rodriguez Corporation issues 17,000 shares of its common stock for $80,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value.. 2. The stock has neither par nor stated value. 3. The stock has a $2 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 17,000 shares of $4 par value common stock for $80,100 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Rodriguez Corporation issues 17,000 shares of its common stock for $80,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value.. 2. The stock has neither par nor stated value. 3. The stock has a $2 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 17,000 shares of $4 par value common stock for $80,100 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal