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A corporation issued 140 shares of its $5 par value common stock in payment of a $2.200 charge from its accountant for assistance in filing

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A corporation issued 140 shares of its $5 par value common stock in payment of a $2.200 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice O A $2.200 credit to Common Stock 0 A $2.200 credit to Cash O 0 A $700 debt to Organization Expenses O 0 A $1.500 credit to Pald-in Capital in Excess of Par Valve Common Stock O A$2.200 debit to Legal Expenses A corporation issued 6,400 shares of $10 par value common stock in exchange for some land with a market value of $98,000. The entry to record this exchange is: Multiple Choice O Debit Land $98,000, Credit Common Stock $64,000 credit Paid-in Capital in Excess of Par Value, Common Stock $34,000 Debit Land $98,000, credit Common Stock $98,000 o O Debit Land $64,000 credit Common Stock $64,000 o Debit Common Stock $64,000, debit Paid in Capital in Excess of Par Value, Common Stock $34,000 credit Land $98,000 o o Debit Common Stock $98.000. credit Land $98,000

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