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Rodriguez Corporation Issues 7,000 shares of Its common stock for $159,300 cash on February 20. Prepare journal entrles to record this event under each of
Rodriguez Corporation Issues 7,000 shares of Its common stock for $159,300 cash on February 20. Prepare journal entrles to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has nelther par nor stated value. 3. The stock has a $8 stated value. A Record the issue of 7,000 shares of $16 par value common stock for $159,300 cash. B Record the issue of 7,000 shares of no-par, no-stated value common stock for $159,300 cash. C Record the issue of 7,000 shares of $8 stated value common stock for $159,300 cash. Note: = journal entry has been entered
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