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Treasure Land Corporation incurred the following costs in 2012. Cost of laboratory research aimed at discovery of new knowledge $100,900 Cost of testing in search
Treasure Land Corporation incurred the following costs in 2012.
Cost of laboratory research aimed at discovery of new knowledge $100,900
Cost of testing in search for product alternatives 121,400
Cost of engineering activity required to advance the design of a product to the manufacturing stage 209,500
Total: $431,800
Prepare the necessary 2012 journal entry or entries for Treasure Land. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
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