a2 NEEDS TO BE ANSWERED

9/1/20 -64,000 Practice Exercise O2 al-a2 (Part Level Submission) Bramble Corp., organized in 2020, has the following transactions related to intangible assets. Purchased 1/2/20 patent (6 $504,000 year life 4/1/20 purchased 369,000 Girderinite lite! 15-year franchise; 7/1/20 expiration 480,000 date 7/1/2032 Research development cus (al) Your answer has been saved and sent for grading. See Gracebook for score details. Prepare the necessary entries to record these intangibles. Al costs incurred were for cash. Make the adjusting entries of December 31, 2020, recording any necessary amortization. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no untry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit 1/2/20 V Patents S04 Cash 5040 4/1/20 Goodwill 3600 Cash 3600 7/1/20 Franchises 1900 Cash BOC 9/1/20V Research and Dev 1641 Cash 1540 12/31/20 Amortization Exp 1000 Patents 8400 Franchises 1600 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 1 und Ca culate ending balances as at 12/31/20 Ending balance Paters Goodwil Franchises Research and Development Expense Attempts: 0 of 1 used SAVE FOR LATER EUGENW