On February 1 of the current year, Motor, Inc., issued 500 shares of $2 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,300. Journalize this transaction. If an amount box does not require an entry, leave it blank. Feb. 1

On February 1 of the current year, Motor, Inc., issued 500 shares of $2 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,300. Journalize this transaction. If an amount box does not require an entry, leave it blank. Feb. 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On February 1 of the current year, Motor, Inc., issued 600 shares of $3 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,700. Journalize this transaction. If an amount box does not require an entry, leave it blank. Feb. 1
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