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Rodriguez Corporation issues 12,000 shares of its common stock for $135,400 cash on February 20...

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Accounting

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Rodriguez Corporation issues 12,000 shares of its common stock for $135,400 cash on February 20 . Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $10 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. Journal entry worksheet Record the issue of 12,000 shares of $10 par value common stock for $135,400 cash. Note: Enter detnits before credits

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