Multiple Choice
Simon Company issued 4,000 ordinary shares with a $5 par value in payment of its attorney's bill of $35,000.The bill was for services performed in helping the company incorporate.Simon should record this transaction by debiting
A) Legal Expense for $20,000.
B) Legal Expense for $35,000.
C) Organization Expense for $20,000.
D) Organization Expense for $35,000.
Correct Answer:
Verified
Correct Answer:
Verified
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