Rodriguez Corporation issues $9,000$ shares of its common stock for $$155,400$ 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.

$3.$ Rodriguez Corporation issues $9,000$ shares of its common stock for $$155,400$ cash on February $20.$ Prepare journal entries to record

this event under each of the following separate situations.

The stock has a $$14$ par value.

The stock has neither par nor stated value.

The stock has a $$7$ stated value.

Journal entry worksheet

A

B

C

Record the issue of $9,000$ shares of $$14$ par value common stock for $$155,400$

cash.

Note: Enter debits before credits.The stock has a $$7$ stated value.