Exercise 11-3 Accounting for par, stated, and no par stock Issuances LO P1 Rodriguez Corporation issues 13,000 shares of

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Exercise 11 3 Accounting For Par Stated And No Par Stock Issuances Lo P1 Rodriguez Corporation Issues 13 000 Shares Of 1 (32.13 KiB) Viewed 32 times

Exercise 11-3 Accounting for par, stated, and no par stock Issuances LO P1 Rodriguez Corporation issues 13,000 shares of its common stock for $118,500 cash on February 20. Prepare Journal entries to record this event under each of the following separate situations. 1. The stock has a $6 par value 2. The stock has neither par nor stated value 3. The stock has a $3 stated value. View transaction flot Journal entry worksheet B Record the issue of 13,000 shares of $6 par value common stock for $118,500 cash Note Enter debits before credits General Journal Debit Transaction 1 Credit