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1. The exclusive right to manufacture and sell the X-Core workout machine from Symmetry Corporation for $209,000 Symmetry created the unique design for the machine

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1. The exclusive right to manufacture and sell the X-Core workout machine from Symmetry Corporation for $209,000 Symmetry created the unique design for the machine Bratten also paid an additional $14,500 in legal and filing fees to attorneys to complete the transaction 2. An initial fee of $290,000 for a three year agreement with Silver's Gym to use its name for a new facility in the local area. Silver's Gym has locations throughout the country. Bratten is required to pay an additional fee of $5,900 for each month it operates under the Silver's Gym name, with payments beginning in March 2018. Bratten also purchased $409,000 of exercise equipment to be placed in the new facility 3. The exclusive right to sell Healthy Choice, a book authored by Kent Patterson, for $28,000. The book includes healthy recipes, recommendations for dietary supplements, and natural remedies. Bratten plans to display the book at the check-in counter at its new facility, as well as make it available online Required: Prepare a summary journal entry to record expenditures related to initial acquisitions. (If no entry is required for a transactionlevent. select "No journal entry required" in the first account field) View transaction list Journal entry worksheet Record the expenditures related to initial acquisitions

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