14-159. Berman Corporation was organized during 20xx. In orgenizing, the company incurred the following costs: 1....

 

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14-159. Berman Corporation was organized during 20xx. In orgenizing, the company incurred the following costs: 1. Paid the state $900 for the corporate charter and related fees of incorporation. 2. Paid the attorney $2,500 for services rendered in connection with filing incorporation papers with the state. 3. Issued 500 shares of $5 par value common stock to an accountant in exchange for accounting services valued at $3,000. Prepare the entries in journal form necessary to record the above transactions without explanations. General Journal Page 1 Post. Date Description Ref. Debit Credit 14-159. Berman Corporation was organized during 20xx. In orgenizing, the company incurred the following costs: 1. Paid the state $900 for the corporate charter and related fees of incorporation. 2. Paid the attorney $2,500 for services rendered in connection with filing incorporation papers with the state. 3. Issued 500 shares of $5 par value common stock to an accountant in exchange for accounting services valued at $3,000. Prepare the entries in journal form necessary to record the above transactions without explanations. General Journal Page 1 Post. Date Description Ref. Debit Credit

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Required solution In the Books of Berman Corporation for the year 20XX ... View the full answer