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Any help with a2 would be appreciated. Thanks (a1) V Your answer is correct. Prepare the necessary entry to clear the Intangible Assets account and

image text in transcribedimage text in transcribedimage text in transcribed Any help with a2 would be appreciated. Thanks

(a1) V Your answer is correct. Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Patents 403200 Goodwill 345800 Franchises 474000 132000 Copyrights Research and Development Expense 249000 1604000 Intangible Assets v (a2) Make the entry as of December 31, 2017, recording any necessary amortization. (Credit account titles are automatically indented when amount is entered. Do not for the amounts.) indent manually. If no entry is required, select "No Entry" for the account titles and enter Account Titles and Explanation Credit Debit

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