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Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. 1. Assume the stock has a $2 par value. Prepare
Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. 1. Assume the stock has a $2 par value. Prepare journal entries to record this event.
Assume the stock has an $5 stated value. Prepare journal entries to record this event.
Record the issue of 19,000 shares of $5 stated value common stock for $152,000 cash.
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