Desert Oasis Company employed an attorney to review its licensing agreements. To compensate the attorney, DOC issued 1,900 shares of its $2 par value common stock. Although not publicly traded, the shares are estimated to have a value of $49 per share. Prepare the journal entry to record the transaction.

Desert Oasis Company employed an attorney to review its licensing agreements. To compensate the attorney. DOC issued 1,900 shares of its $2 par value common stock. Although not publicly traded, the shares are estimated to have a value of $49 per share. Prepare the journal entry to record the transaction