Miller Corporation issued 12,000 shares of its $5 par value common stock in payment for attorney services billed at $180,000. Miller Corporation's stock has been actively trading at $15 per share
The journal entry for this transaction would include a credit to:
A) Paid-in Capital in Excess of Par—Common for $180,000.
B) Paid-in Capital in Excess of Par—Common for $120,000.
C) Legal Expense for $180,000.
D) Common Stock for $180,000.
B
Business
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