Solution-Make the entry to record this transaction

Make the entry to record this transaction

Reference no: EM133106354

Question - Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 400 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. Make the entry to record this transaction?

Reference no: EM133106354

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Make the entry to record this transaction

Reference no: EM133106354

Reference no: EM133106354

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