Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 cash on February 20. Prepare...
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Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 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 $5 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 19,000 shares of $2 par value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View transaction list Journal entry worksheet < A B C Record the issue of 19,000 shares of no-par, no-stated value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < A B C Record the issue of 19,000 shares of $5 stated value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal > Rodriguez Corporation issues 19,000 shares of its common stock for $152,000 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 $5 stated value. View transaction list Journal entry worksheet < A B C Record the issue of 19,000 shares of $2 par value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View transaction list Journal entry worksheet < A B C Record the issue of 19,000 shares of no-par, no-stated value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < A B C Record the issue of 19,000 shares of $5 stated value common stock for $152,000 cash. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal >
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