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Rodriguez corporation issues

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Rodriguez Corporation issues 19,000 shares of its common stock for $ 152,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 

1. The stock has a $ 2 par value.
2. The stock has neither par nor stated value. 
3. The stock has an $ 5 stated value. 

Reference no: EM13899437

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