Rodriguez Corporation issues 12,000 shares of its common stock for $178,400 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 12,000 shares of $12 par value common stock for $178,400 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 12,000 shares of no-par, no-stated value common stock for $178,400 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 12,000 shares of $6 stated value common stock for $178,400 cash. Note: Enter debits before credits
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