1. A corporation was formed on January 1. Thecorporate charter authorized 100,000 shares of $10 par

1. A corporation was formed on January 1. Thecorporate charter authorized 100,000 shares of $10 par value commonstock. During the first month of operation, the corporation issued300 shares to its attorneys in payment of a $5,000 charge fordrawing up the articles of incorporation. The entry to record thistransaction would include:  

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