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Business, 07.04.2020 01:08 lizzyhearts

Brick Oven Corporation made the following expenditures during the first month of operations:

Attorneys' fees to organize the corporation $8,000
Purchase of a patent 30,000
Legal and other fees for transfer of the patent 2,000
Advertising 70,000
Total $110,000

Required:
Record the $110,000 in cash expenditures.

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Brick Oven Corporation made the following expenditures during the first month of operations:
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