Pedro Corporation acquired 70 percent of strop company on January 2020 by issuing 19,000 shares of 1$ par common stock. The market value of the Pedro stock on this date was 14$ per share.

Pedro paid $12,000 to the third party for help in arranging the business combination and $6000 to register and issue the shares issued in the acquisition.

Debit to acquisition expense for:

Debit to investment in S for :

Credit to common stock :

Credit to APIC :