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Rodriguez Corporation issues 6,000 shares of its common stock for $128,100 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 6,000 shares of its common stock for $128,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value View transaction list Journal entry worksheet 2 Record the issue of 6,000 shares of $14 par value common stock for $128,100 cash Note: Enter debits before credits. Transaction General Journal Debit Credit ash 128,100 Common stock dividend distributable aid-in capital in excess of par value, common stock Record entry Clear entry View general journal
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