Grouper performed legal services for Metlock, Inc. Due to a cash shortage, an agreement was reached whereby Metlock, Inc. would pay Grouper a legal fee of approximately $ 15800 by issuing 8200 shares of its common stock (par $1.00). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $ 1.90 per share. Given this information, the best journal entry for Metlock, Inc. to record for this transaction is Legal Expense 15580 Common Stock 8200 Paid-in Capital in Excess of Par. Common 7380 Legal Expense 15580 Common Stock 15580 Legal Expense 15800 Common Stock 8200 Paid-in Capital in Excess of Par- Common 8600 Legal Expense 15800 Legal Expense 15800 Common Stock 15800