General Journal Needed?

B C D E F G H Brown Company paid cash to purchase the assets of Coffee Company on January 1, 2019. Information is as follows: Total cash paid $4,500,000 Assets acquired: Land $800,000 Building $700,000 Machinery $800,000 Patents $700.000 The building is depreciated using the double-declining balance method. Other information is: Salvage value $70,000 Estimated useful life in years 20 The machinery is depreciated using the units-of-production method. Other information is: Salvage value, percentage of cost 10% Estimated total production output in TOUUUU Actual production in units was 95 2019 20.000 2020 207000 2021 TO01010 The patents are amortized on a straight-line basis. They have no selvage value Required Sheet2 Type here to search BIU Merge & Center $ Font Alignment X for B D E G H The patents are amortized on a straight-line basis. They have no salvage value. Estimated useful life of patents in 40 On December 31, 2020, the value of the patents was estimated to be $100.000 Where applicable, the company uses the year rule to calculate depreciation and amortization expense in the years of acquisition and disposal. Its fiscal year-end is December 31. The machinery was traded on December 2, 2021 for new machinery. Other information is: Fair value of old machinery $400.000 Trade-in allowance S800.000 List price for new machinery S840.000 Estimated useful life of new machinery in Estimated salvage value of new $8.400 The new machinery is depreciated using the straight-line method and On August 14, 2023, an addition was made. This amount was material. Other relevant information is as follows Amount of addition, paid in cash $400.000 Number of years of useful life from 2023 (original machinery and addition) 20 Required Sheet2 Type here to search Font Alignment 2 X for B C D E G H on August 14, 2023, an addition was made. This amount was material. Other relevant information is as follows: Amount of addition, paid in cash $400,000 Number of years of useful life from 2023 (original machinery and addition): 20 Salvage value, percentage of addition 10% Required: Prepare journal entries to record: 1 The purchase of the assets of Coffee. 2 Depreciation and amortization expense on the purchased assets for 2019. 3 The decline (if any) in value of the patents at December 31 4 The trade-in of the old machinery and purchase of the new 5 Depreciation on the new machinery for 2021. 8 Cost of the addition to the machinery on August 14, 2023. 7 Depreciation on the new machinery for 2023. Required Sheet2 Type here to search o AutoSave Che Kevin Francois - Saved - File Home Insert Draw Page Layout Formulas Data Review View Help X LG Calibri 12 E 29 Wrap Text General Paste - A BIU-2-0A + Merge & Center 00 $ - %98- Clipboard Font Alignment Number J10 B D E F G 1 2 Brown Company GENERAL JOURNAL 3 Dec. 4 2019 Description PR Debit Credit 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Required Sheet2 Type here to search O ? 3 4. 5 6 8