Exer 13 - Record the journal entries for the following transactions: 6/1/X1 - DrugCo paid $14000 to purchase SmallCo which had A/P of $2800, A/R of $1400 and equipment worth $5600. 8/1/X1 - Drug Co paid $84000 to buy the rights to a song it will use for advertising. 10/1/X1 - Drug Co paid $4900 in an effort to develop a new drug. 12/31/X1 - Record adjustment for the song. Assume the author died 10 years ago