Rodriguez Corporation issues 7,000 shares of its common stock for $139,800 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 B C Record the issue of 7,000 shares of $14 par value common stock for $139,800 cash. Note: Enter debits before credits. Transaction Credit General Journal Cash Paid-in capital in excess of par value, common stock Debit 139,800 98,000