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Marigold Company issued 1700 shares of its 55 par value common stock in payment of its attorney's bill of 531100. The bill was for

Marigold Company issued 1700 shares of its 55 par value common stock in payment of its attorney's bill of 531100. The bill was for services performed in helping the company incorporate. Marigold should record this transaction by debiting Legal Expense for $8500.

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