RODRIGUEZ CORPORATION ISSUES 19,000 SHARES OF ITS COMMON STOCK FOR $152,000 CASH ON FEBRUARY 20. PRE 1 answer below »

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 AS A $2 PAR VALUE.

2. THE STOCK HAS NEITHER PAR NOR STATED VALUE.

3. THE STOCK HAS AN $5 STATED VALUE.