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Rodriguez Corporation issues 19,000 shares of its common stock for $149,200 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 $149,200 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
The stock has a $6 par value.
The stock has neither par nor stated value.
The stock has a $3 stated value.
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