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81 pts R.A.M. Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month
81 pts R.A.M. 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 300 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Group of answer choices A debit to Organization Expenses for $5,000. A debit to Paid-in Capital in Excess of Par
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