Exercise 9-11

These are selected 2017 transactions for Sarasota Corporation:

Jan. 1		Purchased a copyright for $132,650. The copyright has a useful life of 7 years and a remaining legal life of 30 years.
Mar. 1		Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $61,920.
Sept. 1		Purchased a small company and recorded goodwill of $151,400. Its useful life is indefinite.

Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are automatically indented when the 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
Dec. 31
	(To record amortization of Copyrights)
Dec. 31
	(To record amortization of Patents)
Dec. 31
	(To record amortization of Goodwill)

Exercise 9-11 20 olacallia or 30 yea 4 yea or 20 yea aturing entries at D:cember requinej by th ents. (Credit tomatically indented when th lly. rewuired, select "No Entry for titles Titles and Eplanabl To record amont CTor:cord amort of F:tents tered Do