S. Lawyer performed legal services for E. Corp. Due to a cash shortage, an agreement was reached whereby E. Corp. would pay S. Lawyer a legal fee of approximately $15,000 by issuing 8,000 shares of its common stock (par $1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $1.80 per share. Given this information, the best journal entry for E. Corp. to record for this transaction is

C.Legal Expense 14,400 Common Stock 8,000 Paid-in Capital in Excess of Par - Common 6,400

Explanation:

With the information given in the question, the journal entry for E. Corp. to record for this transaction will go thus:

Debit Legal expense $14400

Credit Common stock $8000

Credit Paid-in Capital in Excess of Par - Common $6400

Note that Paid-in Capital in Excess of Par - Common was calculated as:

= 8000(1.80 - 1.00)

= 6400

answer; i believe a ( newsletter ) should be sent;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.