Impaired goodwill and amortization of patent Instructions Chart of Accounts Journal II Instructions On December 31, it was estimated that goodwill of $6,000,000 was impaired in addition, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000 on April 1 Required: A. Journalize the adjusting entry on December 31 for the weared goodwill. Refer to the chart of Accounts for exact wording of accounties 8. Journaize the acusting entry on December 31 for de amortization or the parentes Retor to the chart of Accounts for exact wording or account titles Impaired goodwill and amortization of patent Instructions Chart of Accounts Journal Instructions Journal A Journaize the adjusting entry on December 31 for the moured goodwill Peter to the Chart of Accounts for exact wording of account then JOURNAL DATE DESCRIPTION POST. REF CHEN 1 Adjusting Entries 8 Joumanize the aucting entry on December 31 for the amortation of the patent ghts Refer to the Chart of Accounts for exact wording of accounties Impaired goodwill and amortization of patent Instructions Chart of Accounts Journal Instructions Journal 1 B. Journalize the adjusting entry on December 31 for the amortization of the patent rights. Refer to the Chart of Accounts for exact wording of account oties PAGE 2 JOURNAL DATE POST. REF DEET CREDIT DESCRIPTION Adjusting Entries 3