Create journal entries for the following:

1. The Edison Company spent $14,000 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 $8,500.

3. 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.

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

5. The Mayer Company, plaintiff, paid $14,000 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 $8,400 and a book value of $3,600 plus cash of $8,400 for a new one that had a fair value of $10,600. The exchange has commercial substance.

Consider each of the transactions below. All of the expenditures were made in cash. 1. The Edison Company spent $14,000 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 $8,500. 3. In March, the Cleanway Laundromat bought equipment. Cleanway paid $8,000 down and signed a noninterest-bearing note nd indnerest bearing note hesy ast ngeent suit on $10 requiring the payment of $19,000 in nine months. The cash price for this equipment was $25,000 4. On June 1, the Jamsen Corporation installed a sprinkler system throughout the building at a cost of $30,000. 5. The Mayer Company, plaintiff, paid $14,000 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 $8,400 and a book value of $3,600 plus cash of $8,400 for a new one that had a fair value of $10,600. The exchange has commercial substance