FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Rodriguez Corporation issues 6,000 shares of its common stock for $95,300 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value. 2. The stock has neither par nor stated value 3. The stock has a $6 stated value.
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Transcribed Image Text:Rodriguez Corporation issues 6,000 shares of its common stock for $95,300 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value. 2. The stock has neither par nor stated value 3. The stock has a $6 stated value.
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