During 2016, Riverbed Corporation spent $162,720 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2016, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $36,720 related to the patent were incurred as of October 1, 2016.

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(a)

all journal entries required in 2016 and 2017 as a result of the transactions above. (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 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

2016 enter an account title to record research and development expenses enter a debit amount enter a credit amount

enter an account title to record research and development expenses enter a debit amount enter a credit amount

(To record research and development expenses)

2016

enter an account title to record legal expenses enter a debit amount enter a credit amount

enter an account title to record legal expenses enter a debit amount enter a credit amount

(To record legal expenses)

2016 enter an account title to record amortization expense enter a debit amount enter a credit amount

enter an account title to record amortization expense enter a debit amount enter a credit amount

(To record amortization expense)

2017 enter an account title enter a debit amount enter a credit amount

enter an account title enter a debit amount enter a credit amount