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Saved 1 16.66 points eBook Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 19,000 shares of its
Saved 1 16.66 points eBook Exercise 11-3 Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 19,000 shares of its common stock for $165,300 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. Hint Printi View transaction list Journal entry worksheet < A B C References Record the issue of 19,000 shares of $8 par value common stock for $165,300 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry >
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