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4. The law office of GGP provided service to NNC company for their incorporation. Normally they charged for those organization expenses $6,000. The NNC company

4. The law office of GGP provided service to NNC company for their incorporation. Normally they charged for those organization expenses $6,000. The NNC company instead pay them with an issuance of common stocks of 4,000 , par value $1.00, and a price in the market of $2.00. Journal Entry

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