Consider each of the transactions below. All of the expenditures were made in cash.

The Edison Company spent $$14,000$ during the year for experimental purposes in connection with the development of a new product.

In April, the Marshall Company lost a patent infringement suit and paid $$8,500$ in legal fees to the plaintiff.

In March, the Cleanway Laundromat bought equipment. Cleanway paid $$8,000$ down and signed a noninterest$-$bearing note requiring the payment of $$19,000$ in nine months. The cash price for this equipment was $$25,000.$

On June $1,$ the Jamsen Corporation installed a sprinkler system throughout the building at a cost of $$30,000.$

The Mayer Company, plaintiff, paid $$14,000$ in legal fees in November, in connection with a successful infringement suit on its patent.

The Johnson Company traded its old equipment for new equipment. The new equipment has a fair value of $$10,600.$ The old equipment had an original cost of $$8,400$ and a book value of $$3,600$ at the time of the trade. Johnson also paid cash of $$8,400$ 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 $5.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

The Edison Company spent $$14,000$ during the year for experimental purposes in connection with the development of a new product.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$