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R. Wilson Corporation commenced operations in early 2020. The corporation incurred $60,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation.
Required:
Prepare journal entries to record the $60,000 expenditure and 2020 amortization, if any.
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R. Wilson Corporation commenced operations in early 2020. The corporation incurred $60,000 of costs...
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