Home / Questions / Attorneys have helped Jordan Company incorporate. They have billed the company $5,000 for ...
Attorneys have helped Jordan Company incorporate.
They have billed the company $5,000 for their services. Theyagree
to accept 4,000 shares of $1 par value common stock in paymentof
their bill. At the time of the exchange, there is noestablished
market price for the stock.
Prepare the journal entry for this transaction.
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