Recording the Purchase of a Patent

Recording the Purchase of a Patent On July 1, Beckham Inc. purchased a patent from a research firm by issuing 12,000 shares of its Sl par value common stock. On the date of purchase, the stock was trading on a public exchange for 510 per share. Record the purchase of the patent by Beckham Inc. Date Jut'/ 1 Common Stock Account Name To record purchase. Check