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Rodriguez Corporation issues 19,000 shares of its common stock for $226,000 cash on February 20. 1. Assume the stock has a $10 par value. Prepare

Rodriguez Corporation issues 19,000 shares of its common stock for $226,000 cash on February 20.

1.

Assume the stock has a $10 par value. Prepare journal entries to record this event.

2.

Assume the stock has neither par nor stated value. Prepare journal entries to record this event.

3.

Assume the stock has an $5 stated value. Prepare journal entries to record this event.

.

1. A corporation issued 8,000 shares of $30 par value common stock for $288,000 cash.

Record the issue of 8,000 shares of $30 par value common stock for $288,000 cash.

2.

A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value.

Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value.

3.

A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value.

Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value.

4.

A corporation issued 2,000 shares of $50 par value preferred stock for $124,000 cash

Record the issue of 2,000 shares of $50 par value preferred stock for $124,000 cash.

Rodriguez Corporation issues 19,000 shares of its common stock for $226,000 cash on February 20.

1.

Assume the stock has a $10 par value. Prepare journal entries to record this event.

2.

Assume the stock has neither par nor stated value. Prepare journal entries to record this event.

3.

Assume the stock has an $5 stated value. Prepare journal entries to record this event.

.

1. A corporation issued 8,000 shares of $30 par value common stock for $288,000 cash.

Record the issue of 8,000 shares of $30 par value common stock for $288,000 cash.

2.

A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value.

Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value.

3.

A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value.

Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value.

4.

A corporation issued 2,000 shares of $50 par value preferred stock for $124,000 cash

Record the issue of 2,000 shares of $50 par value preferred stock for $124,000 cash.

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