Explain the value common stock to attorneys in payment


Fallow Co. had the following transactions during the current period. Mar. 2 Issued 5,900 shares of $6 par value common stock to attorneys in payment of a bill for $67,400 for services provided in helping the company to incorporate. June 12 Issued 58,400 shares of $6 par value common stock for cash of $864,400. July 11 Issued 2,900 shares of $100 par value preferred stock for cash at $140 per share. Nov. 28 Purchased 2,100 shares of treasury stock for $22,100. Journalize the transactions

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Accounting Basics: Explain the value common stock to attorneys in payment
Reference No:- TGS0714241

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