LIST OF ACCOUNTS USED FOR PROBLEM :

Accounts Payable Accounts Receivable Accumulated Depletion Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debts Expense Buildings Cash Coal Mine Copyrights Cost of Goods Sold Depletion Expense Depreciation Expense Equipment Franchises Gain on Disposal of Plant Assets Goodwill Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Plant Assets Maintenance and Repairs Expense No Entry Notes Payable Notes Receivable Ore Mine Other Operating Expenses Owner's Capital Owner's Drawings Patents Prepaid Insurance Rent Revenue Research and Development Expense Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Unearned Rent Revenue

Exercise 9-12

	Your answer is partially correct. Try again.

The following are selected 2015 transactions of Pedigo Corporation.

Jan. 1	Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite.
May 1	Purchased for $75,000a patent with an estimated useful life of5years and a legal life of20years.

Prepare necessary adjusting entries at December 31 to record amortization required by the events above.