| Connect CSecure httpnewconnectmheducstion.com/fow/connect.htm Cnapter 13 Homew

Question

| Connect CSecure httpnewconnectmheducstion.com/fow/connect.htm Cnapter 13 Homework Help Save&Exit; Submit Check my work 2 Rodriguez Corporation issues 19,000 shares of is cemmon stock for $152000 csn nFebuary 20. Frepare journal entries to record this event under cach of the folowing separate altuations. 1 The stack has a S2 par value 2. The stock has neither par nor stated value. 3. The stock has a S5 stated valuc pont iew transaction list Journal entry worksheet Record tha lssue or 12,000 shares ot s2 par value common stock ter cash 152.00a Noce: Enter debts betore credits General Journal Debit Credit Record entry Clear entry Vew general journal Activate Windows to Sellings to activale Windons lype here to search

Explanation / Answer

Transaction General Journal Debit Credit 1 Cash 1,52,000 Common stock, $2 par value 38,000 Paid-in capital in excess of par value, common stock 1,14,000 2 Cash 1,52,000 Common stock, no-par value 1,52,000 3 Cash 1,52,000 Common stock, $5 stated value 95,000 Paid-in capital in excess of stated value, common stock 57,000

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