Exercise 12-8 horace greeley corporation was organized in 2013 and
Exercise 12-8
Horace Greeley Corporation was organized in 2013 and began operations at the beginning of 2014. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations.
Attorney’s fees in connection with organization of the company $15,000
Purchase of drafting and design equipment 10,000
Costs of meetings of incorporators to discuss organizational activities 7,000
State filing fees to incorporate 1,000
$33,000
Compute the total amount of organization costs incurred by Greeley.
Prepare the journal entry to record organization costs for 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
How it Works
1
It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.
2
Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.
3
After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.
4
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!