Bridgeport Corporation was organized in 2016 and began operations at the beginning of...
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Accounting
Bridgeport Corporation was organized in 2016 and began operations at the beginning of 2017. 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 Purchase of drafting and design equipment Costs of meetings of incorporators to discuss organizational activities State filing fees to incorporate $15,400 10,400 5,300 1,300 $32,400 Compute the total amount of organization costs incurred by Bridgeport. Total organization costs LINK TO TEXT Prepare the journal entry to record organization costs for 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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