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Need help with these journal entries. Record the patent Record the patent 30 T-26 31 32 33 Returned 20 units of inventory purchased on 2}
Need help with these journal entries.
Record the patent Record the patent30 T-26 31 32 33 Returned 20 units of inventory purchased on 2} 14 for poor quality The company purchased with cash an acre of land on which to build a building in the future. The land cost S25,000; the real estate fees were $3,000. the attorney fees were $500; the cost to remove an old wood building and level the land was S 1,500. The wood from the salvaged building was sold for $2,000. The city fined the company $200 for failure to acquire a permit to tear down the old building which they paid for in cash. Record the purchase of the land The company decided to sell the equipment purchased on 1/15/2020 for $2,000 cash. Record the deprecation up to the date of the sale T-5 & T-32 Record the sale of the equipment 34 The company developed a patent for a new product they are developing. They incurred $5 ,000 in research and development costs; S200 patent filing fees; 800 in attorney fees for drawing up the patent documentation. Record the t
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