$1$

Rodriguez Corporation issues $20,000$ shares of its common stock for $$237,400$ cash on February $20.$ Prepare journal entries to record this event under each of the following separate situations.

The stock has a $$10$ par value.

The stock has neither par nor stated value.

The stock has a $$5$ stated value.

Journal entry worksheet

A

B

C

Record the issue of $20,000$ shares of $$10$ par value common stock for $$237,400$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,5],[,,,]]$