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Prepare the journal entry to record the registration

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Question - A company manufacturing hockey bags registered trademarks for $2,700 cash for its revolutionary Sunland bags on June 1, 2021. On December 1, 2021, it paid $10,200 cash for legal costs to successfully defend its trademarks in court. Prepare the journal entry to record the (1) registration of the trademarks on June 1, and (2) legal costs on December 1.

Reference no: EM132796610

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