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Prepare the journal entry to record the registration

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Reference no: EM132805893

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.

Problem 1: Prepare the journal entry to record the (1) registration of the trademarks on June 1, and (2) legal costs on December 1. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132805893

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