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As the recently appointed auditor for Ayayai Corporation, you have been asked to examine selected accounts before the 6 -month financial statements of June 30,2025,

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As the recently appointed auditor for Ayayai Corporation, you have been asked to examine selected accounts before the 6 -month financial statements of June 30,2025, are prepared. The controlfer for Ayayai Corporation mentions that only one account is kept for intangible assets. The account is shown below. Prepare the entries necessary to correct this account. Assume that the patent has a useful life of 10 years. (Credit occount titles are outomatically 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. List all debit entries before credit entries.) automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tibles and enter O for the amounts. List all debit entries before credit entries.)

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