Question
On February 1 of the current year, Motor, Inc. issued 800 shares of $5 par common stock to an attorney in return for preparing and
On February 1 of the current year, Motor, Inc. issued 800 shares of $5 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,800.
Required:
| Journalize this transaction. Refer to the Chart of Accounts for exact wording of account titles. |
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
