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Blue Windows reported $951,000 in goodwill at the end of December 31, 2020. At the end of the following year, Blue tested for impairment which
Blue Windows reported $951,000 in goodwill at the end of December 31, 2020. At the end of the following year, Blue tested for impairment which resulted in a goodwill impairment loss of $951,000. Prepare the appropriate journal entry. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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