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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 <

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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