Notting Hill Company incurred the following costs for R&D activities $15,000 85,000 10,000 38,500 RE12-3 LO 12.2 Material used from inventory Equipment purchased (with cash) for R&D with no other use...

Extracted text: Notting Hill Company incurred the following costs for R&D activities $15,000 85,000 10,000 38,500 RE12-3 LO 12.2 Material used from inventory Equipment purchased (with cash) for R&D with no other use Depreciation on building housing multiple R&D activities Wages and salaries paid to R&D employees Prepare Notting Hill's journal entry(ies) to record its R&D. RE12-4 Hook Corp. incurred the following start-up costs, all paid in cash: LO 12.2 Legal fees Accounting fees Promotional fees Staff training fees $75,000 35,000 15,000 13,000 Prepare Hook's journal entry to record the start-up costs, all paid in cash.