Rodriguez Corporation issues 11,000 shares of its common stock for $223,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

a. The stock has a $16 par value.
b. The stock has neither par nor stated value.
c. The stock has a $8 stated value

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.