Question: This is a ACCOUNTING problem. Please answer journal entries for A , B , and C . Exercise 1 1 - 3 ( Algo )
This is a ACCOUNTING problem. Please answer journal entries for A B and C
Exercise Algo Accounting for par, stated, and nopar stock issuances
Rodriguez Corporation issues shares of its common stock for $ cash on February Prepare journal entries to record this event under each of the following separate situations.
The stock has a $ par value.
A Record the issue of shares of $ par value common stock for $ cash. Enter debits before credits.
The stock has neither par nor stated value.
B Record the issue of shares of nopar, nostated value common stock for $ cash. Enter debits before credits.
The stock has a $ stated value.
C Record the issue of shares of $ stated value common stock for $ cash. Enter debits before credits.
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