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Rodriguez Corporation issues 12,000 shares of its common stock for $124,300 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 neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet A B C. Record the issue of 12,000 shares of $8 par value common stock for $124,300 cash.

Rodriguez Corporation issues 12,000 shares of its common stock for $124,300 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 neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet A B C. Record the issue of 12,000 shares of $8 par value common stock for $124,300 cash.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Journal entry worksheet < A Record the issue of 12,000 shares of no-par, no-stated value common stock for $124,300 cash. Transaction 2 Note: Enter debits before credits. < A B Record entry Transaction 3 B Journal entry worksheet C C Note: Enter debits before credits. Record entry General Journal Clear entry Record the issue of 12,000 shares of $4 stated value common stock for $124,300 cash. General Journal Debit Credit Clear entry View general Journal Debit Credit View general Journal
Transcribed Image Text:Journal entry worksheet < A Record the issue of 12,000 shares of no-par, no-stated value common stock for $124,300 cash. Transaction 2 Note: Enter debits before credits. < A B Record entry Transaction 3 B Journal entry worksheet C C Note: Enter debits before credits. Record entry General Journal Clear entry Record the issue of 12,000 shares of $4 stated value common stock for $124,300 cash. General Journal Debit Credit Clear entry View general Journal Debit Credit View general Journal
Rodriguez Corporation issues 12,000 shares of its common stock for $124,300 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 neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet < A B C. Record the issue of 12,000 shares of $8 par value common stock for $124,300 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general Journal
Transcribed Image Text:Rodriguez Corporation issues 12,000 shares of its common stock for $124,300 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 neither par nor stated value. 3. The stock has a $4 stated value. View transaction list Journal entry worksheet < A B C. Record the issue of 12,000 shares of $8 par value common stock for $124,300 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general Journal
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