Question

just need the last two credits i cant firgure it out thanks!

work 11 Rodriguez Corporation issues 8,000 shares of its common stock for $130100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value 2. The stock has neither par nor stated value 3. The stock has a $6 stated value View transaction lit Journal entry worksheet < A Record the issue of 8,000 shares of $6 stated value common stock for $130,100 cash Note: Enter before credits Transaction General Journal 1301001 Common stock, stated values Paldin capital in excess of stated a common stock Record entry Clear entry View general journal

Answer 1

All the three entries are given. Please use which ever is missing on your side.

Date	Accounts title and explanation	Debit	credit
1	Cash	$      130,100.00
	Common stock		$       96,000.00
	Paid-In Capital in Excess of Par Value-Common Stock		$       34,100.00
	(To record issuance of common stock)
2	Cash	$      130,100.00
	Common stock		$     130,100.00
	(To record issuance of common stock)
3	Cash	$      130,100.00
	Common stock		$       48,000.00
	Paid-In Capital in Excess of Stated Value-Common Stock		$       82,100.00
	(To record issuance of common stock)

When there is no par value nor stated value all money received in issue is credited to common stock.