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

1.

The Edison Company spent $26,000 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 suit and paid the plaintiff $9,000.

3.In March, the Cleanway Laundromat bought equipment. Cleanway paid $20,000 down and signed a noninterest-bearing note requiring the payment of $25,000 in nine months. The cash price for this equipment was $39,000.

4.On June 1, the Jamsen Corporation installed a sprinkler system throughout the building at a cost of $42,000.

5.The Mayer Company, plaintiff, paid $26,000 in legal fees in November, in connection with a successful infringement suit on its patent.

6.The Johnson Company traded its old machine with an original cost of $14,400 and a book value of $7,200 plus cash of $10,800 for a new one that had a fair value of $14,200. The exchange has commercial substance.

Required:

Prepare journal entries to record each of the above transactions.

(If no entry is required for a

transaction, select "No journal entry required" in the first account field.