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Rodriguez Corporation issues 20,000 shares of its common stock for $204,600 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 20,000 shares of its common stock for $204,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $8 par value 2. The stock has neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet Record the issue of 20,000 shares of $8 par value common stock for $204,600 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prepare journal entries to record the following four separate issuances of stock. . A corporation issued 2,000 shares of $20 par value common stock for $48,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has a $2 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has no stated value. 4. A corporation issued 500 shares of $75 par value preferred stock for $58,500 cash. View transaction list Journal entry worksheet 4 Record the issue of 2,000 shares of $20 par value common stock for $48,000 cash Note: Enter debits before credits. General Journal Debit Credit Transaction Record entry Clear entry View general journal Sudoku Company issues 20,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $233,000 and the building at $379,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list Journal entry worksheet Record the issue of 20,000 shares of $7 par value common stock in exchange for land valued at $233,000 and a building valued at $379,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general journal
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