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Rodriguez Corporation issues 12,000 shares of its common stock for $214,600 cash on February 20....

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Accounting

Rodriguez Corporation issues 12,000 shares of its common stock for $214,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

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Rodriguez Corporation issues 12,000 shares of its common stock for $214,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value View transaction list Journal entry worksheet 2 Record the issue of 12,000 shares of $16 par value common stock for $214,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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