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Rodriguez Corporation issues 9,000 shares of its common stock for $184,500 cash on February 20. Prepare journal entries to record this event under each
Rodriguez Corporation issues 9,000 shares of its common stock for $184,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 9,000 shares of $16 par value common stock for $184,500 cash. Note: Enter debits before credits. Transaction 1 Cash General Journal Debit Credit View general Journal Record entry Clear entry
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