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Current Attempt in Progress Sheridan Corporation has the following selected transactions during the year ended December 31.2021: Jan. 1 Purchased a copyright for $108.660 cash.

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Current Attempt in Progress Sheridan Corporation has the following selected transactions during the year ended December 31.2021: Jan. 1 Purchased a copyright for $108.660 cash. The copyright has a useful life of six years and a remaining legal life of 30 years. Mar. Acquired a franchise with a contract period of nine years for $500,850; the expirationdate is March 1, 2030. Paid cash 1 of $41.560 and borrowed the remainder from the bank. Sept. Purchased a trademark for $77.940 cash. As the purchase was being finalized. spent $35.910 cash in legal fees to 1 successfully defend the trademark in court. (a) Prepare the entries to record the above transactions. (List oll debit entries before credit entries. Credit account tities are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter O for the amounts. Recond journal entries in the order presented in the problem.) Prepare the entries to record the above transactions. (List all debit entries before credit entries. Credit account tities are automotically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. Record journal entries in the order presented in the problem.) Question 5 of 6 (To record purchase of trademark) (To record costs incurred to defend trademark) eTextbook and Media List of Accounts Save for tater Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Reitmans (Canada) Limited reported the following selected information as at February 2, 2019 (in thousands): Identify in which financial statement (statement of financial position, statement of income, or neither) and which section of the statement each of the above items should be reported Identify in which financial statement (statement of financial position. staternent of income, or neither) and which section of the statement each of the above items should be reported. Question 6 of 6 /15 i : Buildings Depreciation expense Fixtures and equipment Goodwill Impairment loss Land Leasehold improvernents Operating leases Reversal of impairment loss Software (b) The parts of this question must be completed in order, This part will be avalable when you complete the part above

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