A company made the following expenditures during the first month of operations:

Attorneys' fees to organize the corporation $ $7,500$

Purchase of a patent $25,000$

Legal and other fees for transfer of the patent $1,750$

Advertising $65,000$

Total $ $99,250$

Required:

Record the $$99,250$ in cash expenditures. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$