Exercise 10-33 (Algo) Intangibles; start-up costs [LO10-1, 10-8] Freitas Corporation was organized early in 2021. The following expenditures were made during the first few months of the year: $ neys' fees in connection with the organization of the corporation State filing fees and other incorporation costs Purchase of a patent Legal and other fees for transfer of the patent Purchase of equipment Preopening salaries and employee training Total 12,800 3,900 20,700 2,700 30,700 40,800 111,600 Required: Prepare a summary journal entry to record the $111,600 in cash expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the $111,600 in cash expenditures. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal