S. Lawyer performed legal services for $ E $. Corp. Due to a cash shortage, an agreement was re ached whereby E. Corp. Would pay $ S $. Lawyer a legal fee of approximately $ \$ 10,000 $ by issuing 5,000 ordinary shares $ ( $ par $ \$ 1) $. The shares trade on a daily basis and the market price of the shares on the day the debt was settled is $ \$ 1.80 $ per share. Given this information, the journal entry for $ E $. Corp. to record this transaction is:

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The Answer of S. Lawyer performed legal services for $ E $. Corp. Due to a cash shortage, an agreement was re ached whereby E. Corp. Would pay $ S $. Lawyer a legal fee of approximately $ \$ 10,000 $ by issuing 5,000 ordinary shares $ ( $ par $ \$ 1) $. The shares trade on a daily basis and the market price of the shares on the day the debt was settled is $ \$ 1.80 $ per share. Given this information, the journal entry for $ E $. Corp. to record this transaction is:

S Lawyer Performed Legal Services For E E E Corp Due to a Cash Shortage, an Agreement Was Re

S Lawyer Performed Legal Services For $E$ Corp Due to a Cash Shortage, an Agreement Was Re