Rodriguez Corporation issues 15,000 shares of its common stock for $264,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. The stock has a $16 par value. The stock has neither par nor stated value. The stock has a $8 stated value.
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Rodriguez Corporation issues 15,000 shares of its common stock for $264,000 cash on February 20. Pre...
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