Crain Company issued 2,000 shares of its $5 par value common stock in payment of its attorney's bill of $30,000.The bill was for services performed in helping the company incorporate.Crain should record this transaction by debiting

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Organization expenses are costs incurred to create a corporation, and the attorney's bill for incorporation services should be recorded as an organization expense.

Crain Company Issued 2,000 Shares of Its $5 Par Value