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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

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.

May 27 2021 View more View Less

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