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Gillian Corporation is authorized to issue 1,000,000 shares of $5 par value common stock. Journalize the following event: January 30 Attorneys for the company accepted

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Gillian Corporation is authorized to issue 1,000,000 shares of $5 par value common stock. Journalize the following event: January 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $8,000

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