14)

Freitas Corporation was organized early in 2018. The following expenditures were made during the first few months of the year:

Attorneys fees in connection with the organization of the corporation	$	13,000
State filing fees and other incorporation costs		4,000
Purchase of a patent		20,800
Legal and other fees for transfer of the patent		2,800
Purchase of equipment		30,900
Pre-opening salaries and employee training		40,900
Total		112,400

Required: Prepare a summary journal entry to record the $112,400 in cash expenditures.