Debit: R&D expenditure-expensed expenditure 2200- 1200= 1000.
R&D Expenditure-Capitalized Expenditure 1200
Loan: raw materials 1000
The salary payable to employees is 500 pounds.
Bank deposit 700
At the end of each month, the expensed expenditure is transferred to the "Management Expense" account (make a summary entry here). Since the capitalized expenditure has not reached the intended purpose, it is unnecessary to carry it forward to the "R&D Expenditure–Capitalized Expenditure" account.
Debit: management fee 1000
Loan: R&D expenditure-expenses 1000.
At the end of the term, when the patented technology achieves its expected purpose:
Debit: intangible assets 1200
Loan: R&D expenditure-capitalized expenditure 1200