Percy corporation was formed on january 1. the corporate charter authorized 100,000 shares of $10 par value common stock. during the first month of operation, the corporation issued 280 shares to its attorneys in payment of a $4,800 charge for drawing up the articles of incorporation. the entry to record this transaction would include: 1. a debit to organization expenses for $4,800.2. a debit to organization expenses for $2,800.3. a credit to common stock for $4,800.4. a credit to paid-in capital in excess of par value, common stock for $4,800.5. a debit to paid-in capital in excess of par value, common stock for $2,000.

1) A debit to Organization Expenses for $4,800.

Explanation:

The complete journal entry should be as follows:

January xxx, Year 1 (organization expenses)

All the stock sold by the corporation must be recorded at par value in the common stock account. Any money received in excess has to be recorded under paid-in capital in excess of par value account.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.