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Rodriguez Corporation issues 18,000 shares of its common stock for $317,600 cash on February 20....

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Accounting

Rodriguez Corporation issues 18,000 shares of its common stock for $317,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

The stock has a $16 par value.

The stock has neither par nor stated value.

The stock has a $8 stated value.

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