Must provide the adjusting entry for the following:

Intangible assets are amortized over these remaining lives Copyrights & Trademarks - 20 years; Patents - 40 years

Account Title Balance Accounts Payable 200,500 Account Receivable 165,700 Accumulated Depreciation 350,000 Additional Paid-In Capital 40,000 Allowance for Doubtful Accounts 2,650 Building and Equipment 1, 120,000 Cash 71,565 Common Stock, $1 par 544,850 Copyrights 112,000 Customer Deposits (expected to be earned in 2019) 2500 Goodwill 225,000 Income Taxes Payable 80,000 nventories @ $25/unit 315,250 Long-term Investment. 95,630 Deposits With Vendors 47,200 Land 125,000 Mortgage Payable, 0% (paid at $2,780 per month) 667,200 Bonds Payable to Banks, yielding 2.5% (due 2025) 50,000 Notes Receivable, 1% (due 2020) 60,000 Patents 219,335 Retained Earnings 108,980 Trademarks 115,000 nterest Payable 25,000 Notes Payable to banks,4% due 2022 600,000