Freitas Corporation was organized early in 2011. The following expenditures were made during the first few months
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Prepare a summary journal entry to record the $107,000 in cashexpenditures.
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Attorneys' fee's in connection with the organization of the corporation State fling fees and other incorporation costs Purchase of a patent Legal and other fees for transfer of the patent Purchase of furniture Pre-opening salaries Total 12,0 3,000 20,000 2,000 30,000 40,000 $1,07,000
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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