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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
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 0 A $1.500 credit to Paid in Capital in Excess of Par Value, Common Stock 0 A $2.200 credit to Common Stock 0 A $2200 credit to Cash 0 A $2.200 debit to Legal Expenses 0 A $700 debit to Organization Expenses
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