Barb Inc issued 500 common shares in payment of a $1,900 bill from its accountant for assistance in filing its charter.The entry to record this transaction will include:
A) A $1,900 credit to Common Shares.
B) A $1,900 credit to Organization Costs.
C) A $1,900 debit to Common Shares.
D) A $1,900 debit to Legal Expense.
E) A $1,900 debit to Accounting ExpensE.
Correct Answer:
Verified
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