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Rodriguez Corporation issues 13,000 shares of its common stock for $130,900 cash on February 20.
Prepare journal entries to record this event under each of the following situations :
1) the stock has a $8 par value.
2) The stock has neither par nor stated value
3) The stock has an $4 stated value.
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Rodriguez Corporation issues 13,000 shares of its common stock for $130,900 cash on February 20.
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