Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 6,000 shares of its common stock for $87,600 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. Journal entry worksheet Record the issue of 6,000 shares of $12 par value common stock for $87,600 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 6,000 shares of no-par, no-stated value common stock for $87,600 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 6,000 shares of $6 stated value common stock for $87,600 cash. Note: Enter debits before credits
Other questions asked by students
o-Anne just bought 200 bonds at a purchase price of R1 043.70 each. The bonds will...
Which statement s is are true about heredity Each parent passes on to its offspring...
5 The accompanying diagram shows part of the architectural plans for a structural sup a...
A $960 investment is compounded annually at a rate of 3% each year. How long...
From 1983 to 2003, the number B of federally insured banks could be approximated by...
K Find the equation of the regression line for the given data Then construct a...
According to the producer price index database maintained by the Bureau of Labor Statistics, the...
journal entry? Pole Co. at the end of 2021, its first year of operations,...