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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 $8,500.
Required:
Journalize this transaction. Refer to the Chart of Accounts for exact wording of account titles. |
Chart of Accounts
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Motor, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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