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Rodriguez Corporation issues 6,000 shares of its common stock for $72,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. a. The stock
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Rodriguez Corporation issues 6,000 shares of its common stock for $72,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.

a. The stock has a $6 par value.
b. The stock has neither par nor stated value.
c. The stock has a $3 stated value.

User Psysky
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It is a because it is says 72,000 on April 20

Explains because you subtract and then multiply
User Jelmood Jasser
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