ORGANIZATION COSTS B&B Electric decided to incorporate and has incurred the following costs of organizing: Incorporation fees$
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ORGANIZATION COSTS B&B Electric decided to incorporate and has incurred the following costs of organizing:
Incorporation fees…………$ 400
Attorneys’ fees…………… 4,800
Promotion expenses………..5,700
Prepare the entry to record payment of these organization costs for cash on January 31.
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