Brick Oven Corporation made the following expenditures during the first month of operations: Attorneys' fees to organize the corporation $ 8,400 Purchase of a patent Legal and other fees for transfer of the patent 34,000 2,200 74,000 Advertising Total $ 118,600 Required: Record the $118,600 in cash expenditures. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet <
Brick Oven Corporation made the following expenditures during the first month of operations: Attorneys' fees to organize the corporation $ 8,400 Purchase of a patent Legal and other fees for transfer of the patent 34,000 2,200 74,000 Advertising Total $ 118,600 Required: Record the $118,600 in cash expenditures. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet <
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Brick Oven Corporation made the following expenditures during the first month of operations:
Attorneys' fees to organize the corporation
$ 8,400
Purchase of a patent
Legal and other fees for transfer of the patent
34,000
2,200
74,000
Advertising
Total
$ 118,600
Required:
Record the $118,600 in cash expenditures. (If no entry is required for a particular transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
Journal entry worksheet
<
1
Record cash expenditures.
Note: Enter debits before credits.
Transaction
1
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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