(L05) R. Wilson Corporation commenced operations in early 2017. The corporation incurred $60,000 of costs such as...
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(L05) R. Wilson Corporation commenced operations in early 2017. The corporation incurred $60,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation. Prepare journal entries to record the $60,000 expenditure and 2017 amortization, if any.
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