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Prima Corp. pays cash of $800,000 in finder s and consulting fees and $500,000 to register and issue its common stock. The journal entry to
"Prima Corp. pays cash of $800,000 in finder s and consulting fees and $500,000 to register and issue its common stock. The journal entry to record these expenditures would be:"
"Debit Paid in capital $500,000, Debit investment expenses $ 800,000, Credit Cash $1,300,000"
"Debit Cash $1,300,000, Credit Paid in capital $500,000, Credit investment expenses $ 800,000"
"Debit Paid in capital $ 1,300,000, Credit Cash $1,300,000"
"Debit Cash $1,300,000, Credit Paid in capital $1,300,000"
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