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SaaS Star incurred legal expenses in May, and is trying to close out their books. They asked their law firm to send a bill, but
SaaS Star incurred legal expenses in May, and is trying to close out their books. They asked their law firm to send a bill, but was told that the bill will not be ready for another few weeks. What journal entry can SaaS Star record in order to close out their books for May? The company approximates the legal fees to have come out to around $15,000.
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