Question
Rodriguez Corporation issues 19,000 shares of its common stock for $190,200 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 $190,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
- The stock has a $8 par value.
- The stock has neither par nor stated value.
- The stock has a $4 stated value.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
