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The corporate charter authorized 1,000,000 shares of 510 par value common stock

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The corporate charter authorized 1,000,000 shares of 510 par value common stock. During the first month of opration, the corporation issued 400 shares to its attorneys in payment of a $7,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: A. A debit to Paid-in Capital in excess of Par Value. Common Stock for $3.000. B. A credit to Paid-in Capital in excess of Par Value, Common Stock for $4,000. C. A credit to Common Stock for $4,000. D. A debit to Organization Expenses for $6,000.