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Rodriguez Corporation issues 6,000 shares of its common stock for $48, 900 cash on February 20. Assume the stock has a $6 par value. Prepare

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Rodriguez Corporation issues 6,000 shares of its common stock for $48, 900 cash on February 20. Assume the stock has a $6 par value. Prepare journal entries to record this event. Record the issue of 6,000 shares of $6 par value common stock for $48, 900 cash

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