Hotze Music Company purchased for $600,000 a patent for a new sound system Although it gives legal protection for 20 years, the patent is expe purchase of the patent and (b) amortization for year 1 After using the patent for two years, Holze Music Company's research director learns at a professional meeting that BOSE is designing a more pow life is only four years Record amortization for year 3. Make journal entries to record (a) the purchase of the patent and (b) amortization for year 1 (a) Record the purchase of the patent. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit Lquipment, and Intangi 6 of 8 (1 complete) Save HW Score: 11.115,2 of 18 pls Question Help wengu protection for 20 years, the potent is expected to provide the company with a competitive advantage for only six years Make journal entries to record the moting the BOSE is designing a more powerful system. On the basis of this wormation Here Music Company determines that the patients of satul not required)