Rodriguez Corporation issues 7,000 shares of its common stock for $39,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value. 3. The stock has a $2 stated value. View transaction list Journal entry worksheet > Record the issue of 7,000 shares of $4 par value common stock for $39,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal