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Rodriguez Corporation issues 19,000 shares of its common stock for $183,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

1. The stock has a $8 par value.

2. The stock has neither par nor stated value.

3. The stock has a $4 stated value.

Record the issue of 19,000 shares of $8 par value common stock for $183,700 cash.

Record the issue of 19,000 shares of no-par, no-stated value common stock for $183,700 cash.

Record the issue of 19,000 shares of $4 stated value common stock for $183,700 cash.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91976272

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