Question 11 of 25 View Policies Current Attempt in Progress Marigold Company is authorized to issue 9800 shares of 9%, $100 par value preferred stock and 500000 shares of no-par common stock with a stated value of $1 per share it Marigold issues 8800 shares of common stock to pay its recent attorney's bill of $38100 for legal services on a land access dispute, which of the following would be the journal entry for Marigold to record? Organization Expense Common Stock 38100 38100 38100 Organization Expense Common Stock Paid-in Capital in Excess of Stated Value Common 8800 29300 8800 Organization Expense Common Stock 8800 38100 Organization Expense Common Stock Paid in Capital in Excess of Par- Preferred 8800 29300