Just checking If anyone knows i did 9-9 thru 9-11 correctly and need help on 9-12 tysm!

journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment. BE9-9 Abner Company purchases a patent for $156,000 on January 2, 2017. Its estimated useful life is 6 years. (a) Prepare the journal entry to record amortization expense for the first year. (b) Show how this patent is reported on the balance sheet at the end of the first year les-patents. ets andBE9-10 Suuppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $28.46 billion, ending total assets of $30.22 billion, net sales of $22.74 bil- lion, and net income of $4.55 billion. (a) Compute McDonald's return on assets. (b) Compute McDonald's asset turnover d assets BE9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions):other plant assets $965.8, land $221.6, patents ademarks (at cost) $515.1, machinery and equipment $2,094.3, buildings $974.0, goodwill at cosb) $193.5, accumulated amortization $471.7, and accumulated depreciation $2,298.0. Prepare a partial balance sheet for Nike for these items. B 9-12 Hunt Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of $47,000. Amortization expense was $8,000. Hunt purchased new equipment during the year for $50,000. Show how this information would be used to determine net cash provided by operating activities under the indirect method. X*BE9-13 Depreciation information for Gordon Chemicals Company is given in BE9-4. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method. Journai EnT Jan Patent Cach SIs6,000 156.oco Cror patent purchased) 61000 Accum Amormation (For 1 yr Expense Amor hzanon) 26,000 ABNER, CO Pamai Balance sh At o1 Dec 31, 0 Patent Less: A cohn. Amort12aho Torai Asser $Is6,000 s 130,D u) heg-ia Beg. total Asser a84G b 30, 22 b 22. 74l A,55 b Sale oral Asie Asset tumover end Net Sales ver Income 30 2 Rmno on Asset toral Acen 30,22 als Company is given in BE the straight-line rate, for 350 ance NIKE INC Parmal Boionoe Cheeh For the r end May B1 20o1 (in n) Propeny. plant d Equipment Land $22 6 974.0 Build ings Machinery Equipment Other plant Acser ess: Accum Deprecia hon 2,094.3 965.8 42. (S 2.2980) Total PPE O INTANGIBLE ASSE Good wi 1.95 7.7 s 1g 3.5 515.1 Patents &Trademare ess: Accum. Amortizaron (417) 7034 t 6 6o 9