Question

Rodriguez Corporation issues 13,000 shares of its common stock for $198,900 cash on February 20. Prepare...

Rodriguez Corporation issues 13,000 shares of its common stock for $198,900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
  

  1. The stock has a $12 par value.
  2. The stock has neither par nor stated value.
  3. The stock has a $6 stated value
transaction general journal debit credit
1
2
3

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