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Badger Corporation issued 8000 shares of its $5 par value common stock in payment for attorney services billed at $50,000. Badger Corporation's stock has been

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Badger Corporation issued 8000 shares of its $5 par value common stock in payment for attorney services billed at $50,000. Badger Corporation's stock has been actively trading at $6 per share. The journal entry for this transaction would include a: debit to Legal Expense $40.000. O debit to Legal Expense $50,000. O credit to Common Stock $48,000. O credit to Additional Paid in Capital $2,000. O None of the above

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