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all entries plz! Check my work Required information [The following information applies to the questions displayed below.) On January 1, 2021, Weaver Corporation purchased a
all entries plz!
Check my work Required information [The following information applies to the questions displayed below.) On January 1, 2021, Weaver Corporation purchased a patent for $222,000. The remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. In January 2023, the company incurred legal fees of $42,000 in successfully defending a patent infringement suit. The successful defense did not change the company's estimate of useful life. Weaver Corporation's year-end is December 31. D Required: 1. Record the purchase in 2021; amortization in 2021; amortization in 2022; legal fees in 2023; and amortization in 2023. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet Record the potent purchase General Journal Debit Credit January 01, 2021 Recondary ClearlyStep by Step Solution
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