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A corporation issued 310 shares of its $5 par value common stock in payment of a $3,900 charge from its accountant for assistance in filing
A corporation issued 310 shares of its $5 par value common stock in payment of a $3,900 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $1,550 debit to Organization Expenses. A $2,350 credit to Paid-in Capital in Excess of Par Value, Common Stock. A $3,900 credit to Common Stock. A $3,900 debit to Legal Expenses. A $3,900 credit to Cash
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