Business
Business, 12.03.2021 14:50, Kameon

A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $1,800 credit to Common Stock. A $300 debit to Organization Expenses. A $1,300 credit to Paid-in Capital in Excess of Par Value, Common Stock. A $1,800 debit to Legal Expenses. A $1,800 credit to Cash.

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A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from...

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