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must use headings from this list. thanks Question 9 [8 points] On March 1, 2014 Stake Technology Inc. purchased for cash of $54,000 a patent
must use headings from this list. thanks Question 9 [8 points] On March 1, 2014 Stake Technology Inc. purchased for cash of $54,000 a patent with a useful life of 10 years. Give the entries to record a. The purchase of the patent b. The amortization on December 31, 2014 (calculated to the nearest whole month). Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). Ensure accuracy in your calculations and round only your final answer to the nearest whole dollar General Journal Page 2 Account Explanation Dale Dobit Credit Choose an Account or Heading ategories: Accounts and Headings: Accounts Payable -sets Accounts Receivable abilities Accumulated Amortization, Copyright uity Accumulated Amortization, Patents Equity Accumulated Amortization, Trademark Revenues Accumulated Depreciation, Automobiles Expenses Accumulated Depreciation, Boats Other Accumulated Depreciation, Building Accumulated Depreciation Equipment Accumulated Depreciation, Furniture Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advlasrtising Expense Advertising Payable Allowance for Doubtful Accounts Amortization Expense, Copyright Amortization Expense, Patents Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: II - Amortization Expense, Patents ssets Automobiles Liabilities Boats Equity Bonds Payable Equity Building Revenues Cash Expenses Commissions Earned Other Consulting Revenue Earned Copyright Cost Of Goods Sold Delivery Expense Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Depreciation Expense, Land Improvements Depreciation Expense. Machinery Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: II - Depreciation Expense, Machinery ssets Depreciation Expense, Trucks iabilities Depreciation expense quity Dividends Equity Equipment Revenues Furniture Expenses Gain on Exchange Other Gain on Sale/Disposal Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds and Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Land Assets Land Improvements Liabilities Long-Term Notes Payable Equity Long-term Investment in Shares Equity Loss on Exchange Revenues Loss on Sale/Disposal Expenses Machinery Other Merchandise Inventory Mortgage Payable Notes Receivable 2 Office Salaries Expense Office Supplies Expense Patents Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Property Taxes Expense Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: 1 Property Taxes Expense ssets Property Taxes Payable abilities Rent Earned quity Rent Expense Equity Rent Payable Revenues Rent Receivable Expenses Rent expense, office space Other Rent expense, selling space Repair Expense Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense Share Capital Short-Term Notes Payable Search: Erase Cancel Choose an Account or Heading egories: Accounts and Headings: Retained Eamings cets Salaries Expense pilities Salaries Payable Lity Sales quity Sales Discounts evenues Sales Returns and Allowances xpenses Sales Salaries Expense ther Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel
must use headings from this list. thanks
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