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Freitas Corporation was organized early in 2016. The following expenditures were made during the first...

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Accounting

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Freitas Corporation was organized early in 2016. The following expenditures were made during the first few months of the year: Attorneys' fees in connection with the organization of the corporation State filing fees and other incorporation costs Purchase of a patent Legal and other fees for transfer of the patent Purchase of furniture Pre-opening salaries $ 17,000 5,500 25,000 4,500 35,000 45,000 Total 132,000 Required: Prepare a summary journal entry to record the $132,000 in cash expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cash expenditures Note: Enter debits before credits Event General Journal Debit Credit

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