On February 1 of the current year, Motor, Inc., issued 500 shares of $2 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,800. Journalize this transaction. If an amount box does not require an entry, leave it blank. Feb. 1 Organizational Expenses Common Stock Paid-In Capital in Excess of Par-Preferred Stock ?

On February 1 of the current year, Motor, Inc,, issued 500 shares of $2 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,800. Journalize this transaction. If an amount box does not require an entry, leave it biank