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Percy Corporation was formed on January 1 The corporate charter authorized 100 000 shares of 510 par voie common stock During the first month of

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Percy Corporation was formed on January 1 The corporate charter authorized 100 000 shares of 510 par voie common stock During the first month of operation, the corporation issued 320 shares to its attorneys in payment of a $5,200 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Multiple Choice Adebt to Organization Expenses for $3,200 Aceto pod in Captain Excom o Par Viue, Common Stock for 55,200 A detita Organization Expenses for $5.200 Adetto Dudinca in Excess of Par Value. Common Stock for $2.000. A cetto Coron Sock for

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