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meed help ty G. Steven. Attorney at Law performed legal services for C. Corp. Due to a cash shortage, an agreement was reached whereby C.

meed help ty
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G. Steven. Attorney at Law performed legal services for C. Corp. Due to a cash shortage, an agreement was reached whereby C. Corp. would compensate G Steven for a legalfee of approvimately $19300 by issuing 7700 shares of its common stock (par $1.00 ). The stock trades on a daily basis and yle market price of thestock on the day the debt was settled is $2.40 per share. Given this information, the best journal entory for C. Corp, to record for this transaction is Legat Expense 18480 Common Stock 18480 Legal Expense 19300 CommonStock Legal Expense Common Stock Legal Expense

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