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Fast2F Fast2F
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6 years ago
Carmen Corporation issued 200 shares of its $5 par value stock to an attorney. The shares are in full settlement for $10,000 of legal services to help set up the company. Prepare the journal entry for the stock issuance.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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6 years ago
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More solutions for this book are available here
Organization Expense   10,000
   Common Stock   1,000
   Paid-in Capital in Excess of Par Value-Common   9,000
1

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Fast2F Author
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6 years ago
I wish I would have known about this service with my other classes.
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5 years ago
Happy to help Slight Smile
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