Question 5 of 20 < > View Policies Current Attempt in Progress -/1 E H. Edward performed legal services for J. Ruth. Due to a cash shortage, an agreement was reached whereby J. Ruth. would pay H. Edward a legal fee of approximately $7200 by issuing 2000 shares of its common stock (par $1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $3.80 per share. Given this information, the journal entry for J. Ruth. to record this transaction is: O Legal Expense Common Stock Paid-in Capital in Excess of Par - Common Legal Expense Common Stock 7600 7600 2000 5600 7600