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Rodriguez Corporation issues 8,000 shares of its common stock for $99,700 cash on February 20. Prepare journal entries to record this event under each of
Rodriguez Corporation issues 8,000 shares of its common stock for $99,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations 1. The stock has a $8 par value. 2. The stock has neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet 3 1 2 Record the issue of 8,000 shares of $8 par value common stock for $99,700 cash. Note: Enter debits before credits. Debit Credit General Journal Transaction 64,000 ww.s Cash View transaction list Journal entry worksheet 1 2 Record the issue of 8,000 shares of no-par, no-stated value common stock for $99,700 cash. Note: Enter debits before credits. Credit General Journal Debit Transaction 2 View general journal Clear entry Record entry View transaction list Journal entry worksheet 2 1 Record the issue of 8,000 shares of $4 stated value common stock for $99,700 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal 3 Record entry Clear entry View general journal
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