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Heartland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year (Click

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Heartland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the entries to record Heartland Telecom's transactions during the year. (Record debits first, then credits. Select the explanation on the last line of the jour Feb. 13: Heartland Telecom purchased Sheldon Wireless Enterprises for $640,000 cash plus a $960,000 note payabio. Sheldon's book value of assets was $1,300,000. Sheldon's m $510,000, respectively. Dato Accounts and Explanation Debit Credit Feb 13 Apr. 1: Paid $550,000 to acquire a patent. Heartland believes the patent's useful life will be 10 years. Date Accounts and Explanation Dobit Credit Apr. 1 Oct. 1. Paid $960.000 for the trademark, "Bolt Fast" with a useful fe of 20 years. Choose from any list or enter any number in the input fields and then continue to the next question Heartland Telecom, a communication service provider in lowa, Nebraska, the Dakotas, and Montana had the following transactions related to its intangibles during the year (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the entries to record Heartland Telecom's transactions during the year. (Record debits first, then credits. Select the explanation on the last line of the jour Feb. 13: Heartland Telecom purchased Sheldon Wireless Enterprises for $640,000 cash plus a $960,000 note payabio. Sheldon's book value of assets was $1,300,000. Sheldon's m $510,000, respectively. Dato Accounts and Explanation Debit Credit Feb 13 Apr. 1: Paid $550,000 to acquire a patent. Heartland believes the patent's useful life will be 10 years. Date Accounts and Explanation Dobit Credit Apr. 1 Oct. 1. Paid $960.000 for the trademark, "Bolt Fast" with a useful fe of 20 years. Choose from any list or enter any number in the input fields and then continue to the next

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