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A corporation issued 290 shares of Its $5 par value common stock in payment of a $3,700 charge from its accountant for assistance in filing
A corporation issued 290 shares of Its $5 par value common stock in payment of a $3,700 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $2.250 credit to Pald-in Capital in Excess of Par Value. Common Stock. O A $3.700 debit to Legal Expenses. O a A $3.700 credit to Common Stock. O A $3.700 credit to Cash, A $1,450 debit to Organization Expenses
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