Rodriguez Corporation issues 7,000 shares of its common stock for $146,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

1. The stock has a $18 par value.
2. The stock has neither par nor stated value.
3. The stock has a $9 stated value.

• Record the issue of 7,000 shares of $18 par value common stock for $146,500 cash.
• Record the issue of 7,000 shares of no-par, no-stated value common stock for $146,500 cash.
• Record the issue of 7,000 shares of $9 stated value common stock for $146,500 cash.