I need to record a few transactions for my Financial Accounting class here is the problems"
Rodriguez Corporation issues 12,000 shares of its common stock for $182,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations (Omit the "$" sign in your response):
Requirement 1:
The stock has neither par nor stated value.
Requirement 2:
The stock has a $12 par value.
Requirement 3:
The stock has a $6 stated value.
Rodriguez Corporation issues 12,000 shares of its common stock for $182,700 cash on February 20. Prepare journal entries to record this event under each of the following separate situations (Omit the "$" sign in your response):
Requirement 1:
The stock has neither par nor stated value.
Requirement 2:
The stock has a $12 par value.
Requirement 3:
The stock has a $6 stated value.