Pay an attorney for work that she will do at some later date. Pay her $65,000.
Record these activities into the journal entry format. Put Dec, 31, 2021 as the date.
| Dec 31 | Prepaid expenses | 65,000 | |
| Cash | 65,000 | ||
(to record prepayment of attorney fee)
Pay an attorney for work that she will do at some later date. Pay her $65,000....