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Requirement $1.$ Journalize the entries to record Central Telecom's transactions during the year $($Record debits first, then credits. Select the explanation on the last line of the joumal entry table.$)$

Feb. $13$: Central Telecom purchased Surley Wireless Enterprises for $$360,000$ cash plus a $$540,000$ note payable. Surley's book value of assets was $$700,000.$ Surley's market value of assets and liabilities was $$1,100,000$ and $$630,000,$ respectively.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Feb$.13,0,,],[-,,],[4,$E$,],[,,],[,-,4],[$L$,,],[1,x,]]$

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$\backslash$table$[[$Feb$.13,\backslash$table$[[$Central Telecom purchased Surley Wireless Enterprises for $$360,000$ cash plus a $$540,000$ note$],[$payable$.$ Surley's book value of assets was $$700,000.$ Surley's market value of assets and liabilities$],[$was $$1,100,000$ and $$630,000,$ respectively.$]]],[$Apr$.1,$Paid $$150,000$ to acquire a patent. Central believes the patent's useful life will be $10$ years.$],[$Oct$.1,$Paid $$920,000$ for the trademark, "Bolt Fast," with a useful life of $20$ years.$],[$Dec$.31,$Recorded amortization expense $($separately$)$ for the patent and trademark.$]]$

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