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Prepare journal entries to record this event

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Question - Rodriguez Corporation issues 18,000 shares of its common stock for $196,800 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

1. The stock has a $10 par value.

2. The stock has neither par nor stated value.

3. The stock has a $5 stated value.

Reference no: EM131611503

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