In organizing its incorporation in January, Chupatch incurred the following costs: state incorporation fees: $250, attorney fees: $2,500, and promotional costs: $3,200. What journal entry would you make to record Chupatch's expenses? Make it below: Date Account Debit Credit
In organizing its incorporation in January, Chupatch incurred the following costs: state incorporation fees: $250, attorney fees: $2,500, and promotional costs: $3,200. What journal entry would you make to record Chupatch's expenses? Make it below: Date Account Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![In organizing its incorporation in January, Chupatch incurred the following costs:
state incorporation fees: $250, attorney fees: $2,500, and promotional costs: $3,200.
What journal entry would you make to record Chupatch's expenses? Make it below:
Date
Account
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0cf45048-0add-4039-bf0d-95113fd14c78%2Fdc95cd31-e6bd-47ef-8f26-8a87750e0488%2F211jzu8_processed.png&w=3840&q=75)
Transcribed Image Text:In organizing its incorporation in January, Chupatch incurred the following costs:
state incorporation fees: $250, attorney fees: $2,500, and promotional costs: $3,200.
What journal entry would you make to record Chupatch's expenses? Make it below:
Date
Account
Debit
Credit
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