2. You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,300 for attorney's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity. Using the tabular summary, record these costs on March 13, assuming they are paid in cash. Remember to include a date each transaction, and an explanation for any changes in revenue and expenses.

2. You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,300 for attorney's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity. Using the tabular summary, record these costs on March 13, assuming they are paid in cash. Remember to include a date each transaction, and an explanation for any changes in revenue and expenses.

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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