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	$	12,700
State filing fees and other incorporation costs		3,800
Purchase of a patent		20,600
Legal and other fees for transfer of the patent		2,500
Purchase of equipment		30,600
Preopening salaries and employee training		40,600
Total		110,800

Required: Prepare a summary journal entry to record the $110,800 in cash expenditures.

Transaction	General Journal	Debit	Credit
1