H. Joseph performed legal services for J. Margaret Due to a cash shortage, an agreement was reached whereby J. Margaret would pay H. Joseph a legal fee of approximately $ 7900 by issuing 1300 shares of its common stock (par $1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $4.60 per share. Given this information, the journal entry for J. Margaret. to record this transaction is: Legal Expense 5980 Common Stock 1300 Paid-in Capital in Excess of Par-Common 4680 Legal Expense 7900 Common Stock 7900 Legal Expense 7900 Common Stock 1300 Paid-in Capital in Excess of Par - Common 6600 Legal Expense 5980 Common Stock 5980