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On February 1 of the current year, Motor, Inc. issued 700 shares of $4 par common stock to an attorney in return for preparing and
On February 1 of the current year, Motor, Inc. issued 700 shares of $4 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,300. Required: Journalize this transaction. Refer to the Chart of Accounts for exact wording of account titles. Journalize this transaction. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT
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