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Exercise 7-5A Reporting intangible assets (LO7-2) Brick Oven Corporation made the following expenditures during the first month of operations: Attorneys' fees to organize the

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Exercise 7-5A Reporting intangible assets (LO7-2) Brick Oven Corporation made the following expenditures during the first month of operations: Attorneys' fees to organize the corporation Purchase of a patent Legal and other fees for transfer of the patent Advertising Total $ 7,900 29,000 1,950 69,000 $107,850 Required: Record the $107,850 in cash expenditures. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record cash expenditures. Note: Enter debits before credits

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