Rodriguez Corporation issues 5,000 shares of its common stock for $75,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. The stock has a $12 par value. The stock has neither par nor stated value. The stock has a $6 stated value.

Record the issue of 5,000 shares of $12 par value common stock for $75,000 cash.

Record the issue of 5,000 shares of no-par, no-stated value common stock for $75,000 cash.

Record the issue of 5,000 shares of $6 stated value common stock for $75,000 cash.