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Rodriguez Corporation issues 18,000 shares of its common stock for $280,900 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 18,000 shares of its common stock for $280,900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par volue. 2. The stock has neither par nor stated value 3. The stock has a $7 stated value Record the issue of 18,000 shares of $14 par value common stock for $280,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record the issue of 18,000 shares of no-par, no-stated value common stock for $280,900 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record the issue of 18,000 shares of $7 stated value common stock for $280,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 3
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