Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 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 C Record the issue of 14,000 shares of $8 stated value common stock for $237,500 cash. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit
Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 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 C Record the issue of 14,000 shares of $8 stated value common stock for $237,500 cash. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 4RE: Sun Corporation issues 500 shares of 8 par common stock for a patent. The stock is currently selling...
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Ashvinbhai
![Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 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
A
B
Record the issue of 14,000 shares of $8 stated value common stock for
$237,500 cash.
Transaction
3
C
Note: Enter debits before credits.
Record entry
General Journal
Clear entry
Debit Credit
View general Journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6b451cd4-188c-465c-9c84-d45f3d7beb1f%2F58114f61-fcea-421e-b2ee-213a6d92ac17%2F6f02f0m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rodriguez Corporation issues 14,000 shares of its common stock for $237,500 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
A
B
Record the issue of 14,000 shares of $8 stated value common stock for
$237,500 cash.
Transaction
3
C
Note: Enter debits before credits.
Record entry
General Journal
Clear entry
Debit Credit
View general Journal
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