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15 of 20 (10 completo) Heartland Telecom, a communication service provider in Iowa, Nebraska, the Dakotas, and Montana had the following transactions related to its
15 of 20 (10 completo) Heartland Telecom, a communication service provider in Iowa, Nebraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the entries to record Heartland Telecom's transactions during the year (Record debits first, then credits. Select the explanation on the last line of the jour Feb 13: Heartland Telecom purchased Sagely Wireless Enterprises for $800,000 cash plus a $900,000 note payable. Sogoly's book value of assets was $1,200.000 Sagelys market was $1,500,000 and $480,000, rospectively, Date Accounts and Explanation Feb. 13 Debit Credit Choose from any list or entor any number in the input fields and then continue to the next question O Type here to search Heartland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana ha (Click the icon to view the transactions.) Read the requirements Apr. 1: Paid $350,000 to acquire a patent. Heartland believes the patent's useful life will be 10 years. Date Accounts and Explanation Debit Apr1 Od 1: Paid 5680.000 for the trademark, "Bolt Fast," with a useful life of 20 years. Date Accounts and Explanation Debit Cred Choose from any or enter any number in the input fields and then continue to the next question Type here to search o Est X y 16 2 3 % Tab 4 > Q 5 W 6 E & 7 eartland Telecom, a communication service provider in lowa, Nebraska, the Da (Click the icon to view the transactions.) Read the requirements Od 1: Paid $680,000 for the trademark, "Bolt Fast," with a useful life of 20 years. Date Accounts and Explanation Debit Oct 1 Dec 31: Recorded amortization expense (separately) for the patent and trademark Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search X FB 1 FO 2 3 % Tab 4 Q 5 W 6 7 artland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana had the Click the icon to view the transactions.) Lead the requirements Dec 31: Recorded amortization expense (separately) for the patent and trademark. Start by recording amortization expense for the patent. You will be asked to record the amortization expense for nearest whole dollar) Date Debit Accounts and Explanation Cred Dec 31 Record the amortization expense for the trademark. (Do not round interim calculations. Enter your final answer to t Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search O BE Es + FE 2 1 2 # 3 $ 4 % Q 5 W 6 E & 7 eartland Telecom, a communication service provider in lowa, Nebraska, the Da (Click the icon to view the transactions.) Read the requirements Od 1: Paid $680,000 for the trademark, "Bolt Fast," with a useful life of 20 years. Date Accounts and Explanation Debit Oct 1 Dec 31: Recorded amortization expense (separately) for the patent and trademark Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search X FB 1 FO 2 3 % Tab 4 Q 5 W 6 7 artland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana had the Click the icon to view the transactions.) Lead the requirements Dec 31: Recorded amortization expense (separately) for the patent and trademark. Start by recording amortization expense for the patent. You will be asked to record the amortization expense for nearest whole dollar) Date Debit Accounts and Explanation Cred Dec 31 Record the amortization expense for the trademark. (Do not round interim calculations. Enter your final answer to t Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search O BE Es + FE 2 1 2 # 3 $ 4 %
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