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Business, 04.07.2020 14:01 Woodlandgirl14
Rodriguez Corporation issues 12,000 shares of its common stock for $210,500 cash on February 20.
Prepare journal entries to record this event under each of the following separate situations.
a. The stock has a $14 par value.
b. The stock has neither par nor stated value.
c. The stock has a $7 stated value.
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Rodriguez Corporation issues 12,000 shares of its common stock for $210,500 cash on February 20.
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