You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,500 for attorney's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity.What is the journal entry to record these costs on March 13, assuming they are paid in cash? If an amount box does not require an entry, leave it blank.Mar. 13

Name: You are an accountant working for a company that has recently decided
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Description: You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,500 for attorney's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity.

Date Particulars Debit Credit March 13 Preliminary Expenses Dr. $4500…

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You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,500 for attorney's fees, promotion costs, and filing What is the journal entry to record these costs on March 13, assuming they are paid in cash? If an amount box does not require an entry, leave it blank. Mar. 13

You are an accountant working for a company that has recently decided to incorporate. The company has incurred $4,500 for attorney's fees, promotion costs, and filing What is the journal entry to record these costs on March 13, assuming they are paid in cash? If an amount box does not require an entry, leave it blank. Mar. 13

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 1EA: You are an accountant working for a company that has recently decided to incorporate. The company...

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