Question
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value.
Create a journal worksheet
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Cost Accounting Foundations And Evolutions
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
6th Edition
0324235011, 978-0324235012
