1 1.87 points Skipped Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO...

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1 1.87 points Skipped Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 16,000 shares of its common stock for $61,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $1 stated value. eBook 01 Hint References View transaction list Journal entry worksheet A B C Record the issue of 16,000 shares of $2 par value common stock for $61,700 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry > 1 1.87 points Skipped Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez Corporation issues 16,000 shares of its common stock for $61,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $1 stated value. eBook 01 Hint References View transaction list Journal entry worksheet A B C Record the issue of 16,000 shares of $2 par value common stock for $61,700 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry >