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  3. better helmets, llc was formed on april 1. the cor

Better Helmets, LLC was formed on April 1. The corporate charter authorized 100,000 shares of...

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Accounting

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Better Helmets, LLC was formed on April 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 330 shares to its attorneys in payment of a 55.300 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Acredit to Paid in Capital in Excess of Par Value, Common Stock for $5300 A debt to Paid in Capital in Excess of Par Value. Common Stock for $2000. A debit to Organization Expenses for $3300 A credit to Common Stock for $5300 A debit to Organization Expenses for $5300

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