ORGANIZATION COSTS T&R TrackTown has decided to incorporate and has incurred the following costs of organizing: Incorporation

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ORGANIZATION COSTS T&R TrackTown has decided to incorporate and has incurred the following costs of organizing:

Incorporation fees……………..$ 500

Attorneys’ fees………………..6,800

Promotion fees……………….. 4,700

Prepare the entry to record payment of these organization costs for cash on January 20.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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