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Rodriguez Corporation Issues 10,000 shares of its common stock for $71,400 cash on February 20....

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Accounting

Rodriguez Corporation Issues 10,000 shares of its common stock for $71,400 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $4 par value. 2. The stock has neither par nor stated value. 3. The stock has a $2 stated value.

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Journal entry worksheet Record the issue of 10,000 shares of $4 par value common stock for $71,400 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 10,000 shares of no-par, no-stated value common stock for $71,400 cash. Note: Enter debits befare credits. Journal entry worksheet Record the issue of 10,000 shares of $2 stated value common stock for $71,400 cash. Note: Enter debits before credits

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