On December 31 , in was estimated that goodwill of $4,700,000 was impaired. In addficn, a putent with an estimated usotul economic lie of 12 years was acquired for $1,260,000 on April 1 Aequired: a. Joumaire the acfusbing enty on December 31 for the impaired goodwe. Feter to the chart of accounts for the exact wording of the accoun! Bties. CNOW joumals do not use lines for jouma explanations. Every ine on a journal pege is used for debit or cedt entries. CNOW joumals will automatically indent e credi entry when a crodit amount is entered b. Joumalto the acfusting entry on Decumber at for the amortizition of the patent rights. Alefer io the chart of accounts for the exact wording of the account Alles. CNOW joumais do not use lines for joumal explanatione. Every Ine on a joumal gage is used for debr or credr entries CNOW foumals will avtomabicaly indent a credit entry when a crodit amount is antered. b. Joumalice the acfusting entry on December 31 for the amoitization of the patent nights. Refer to the chart of accounts for the exact wonding of the account atles. CNow joumals do not use lines for joumbl explanafions. Evary ine on a joumal Aage is used for dobl or credi entries. CNow/ joumats mill automutiealy ndent a eredt eniry mher a erede amount is artered