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Business, 06.09.2019 21:30 brianrodriguez2005

Jensen performed legal services to assist balm co. in accomplishing its initial organization. jensen accepted 1,000 shares of $5 par common stock in balm as payment for his services. the balm shares were not yet publicly traded, but they had a book value of $4 per share. jensen provided 48 hours of service, which is normally billed at $125 per hour. by what amount should the common stock account increase

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