Freitas Corporation was organized early in 2021. The following expenditures were made during the first few months of the year: Attorneys' 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 $ 14,300 5,600 22,000 3,800 32,000 42,300 120,000 Required: Prepare a summary journal entry to record the $120,000 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 1 Record the $120,000 in cash expenditures. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit