Cert Draw Design Layout References Tell me Share A - Font Paragraph Styles Dictate Sensitivity Editor ABC COMPANY made the following cash expenditures during 2009 related to development of a ne plastic surgery equipment: xf6 R & Development and wages $10,000,000 R & D Supplies consumed during 2009 3,000,000 Purchase of R&D Equipment 5,000,000 Patent Filing and legal fess 100,000 Payments for other works performed in connection With R&D activities Total Expenditure 1,200,000 19,300,000 Note: The project resulted in a new product that will be marketed in January 2018. The Equipment purchased will be used in another project, however, it has a depreciation of $500,000 in 2009. I Required: Prepare General Journal entries to record the Expense to R& Development; Capitalization of Equipment and Patent. 861 words Q Focus A