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Crane Company issued 4100 shares of its $5 par value common stock in payment of its attorney's bill of $88000. The bill was for services

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Crane Company issued 4100 shares of its $5 par value common stock in payment of its attorney's bill of $88000. The bill was for services performed in helping the company incorporate. Crane should record this transaction by debiting Organization Expense for $20500. Legal Expense for $88000. Organization Expense for $88000. Legal Expense for $20500

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