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Consider each of the transactions below. All of the expenditures were made in cash. 1. The Edison Company spent $18,000 during the year for experimental purposes in connection with the development of a new product 2. in April, the Marshall Company lost a patent Infringement sult and paid the plaintiff $5,000. 3. In March, the Cleanway Laundromat bought equipment. Cleanway pald $12,000 down and signed a noninterest-bearing note requiring the payment of $21,000 in nine months. The cash price for this equipment was $29.000. 4. On June 1, the Jamsen Corporation Installed a sprinkler system throughout the building at a cost of $34.000. 5. The Mayer Company. plaintiff, pald $18,000 in legal fees in November, in connection with a successful Infringement sult on its patent. 6. The Johnson Company traded its old equipment for new equipment. The new equipment has a fair value of $11.800. The old equipment had an original cost of $10.400 and a book value of $4.800 at the time of the trade. Johnson also pald cash of $9.200 as part of the trade. The exchange has commercial substance. Required: Prepare journal entries to record each of the above transactions. Complete this question by entering your answers in the tabs below. Transactions 1 to 5 Transaction 6 Prepare journal entries to record each of the above transactions 1 to 5. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lat Journal entry worksheet 2 3 4 1 5 > The Edison Company spent $18,000 during the year for experimental purposes in connection with the development of a new product. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Transactions 1 to 5 Transaction 6 Prepare journal entry to record the above transaction 6. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction at Journal entry worksheet