1) Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 200 shares to its attorneys in payment of a $4,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include:

2)A company issued 70 shares of $100 par value common stock for $8,200 cash. The total amount of paid-in capital in excess of par is: