assignment 9b q4

Your answer is correct. Prepare journal entries to record the transactions. (Record entries in the order displayed in the problem statement 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2 Patents 36000 Cash 36000 Jan-June > Research and Development Expense 253000 Cash 253000 July 1