Question

Rodriguez Corporation Issues 9,000 shares of lts common stock for $88,300 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $8 par value. 2. The stock has nelther par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet Record the issue of 9,000 shares of $4 stated value common stock for $88,300 cash Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal



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