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WiWok hires a consultant for a new project, and issues common stock with a par value of $100 in exchange for consulting services received the

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WiWok hires a consultant for a new project, and issues common stock with a par value of $100 in exchange for consulting services received the commodoroth an observable fair value. The consultant ordinarily charges $3600 for the services received What's the journal entry required to record the transaction DC Common stock at par -- 100 Dr. Cash 4200 Cr. Additional paid in capital -- 3500 Dr. Consulting fee expense -- 3600 Dr. Consulting for expense - 4200 Cr. Additional paid in capital - 4100 Net Previous

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