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On June 1,2023 , Monty spent $11,880 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to

image text in transcribed On June 1,2023 , Monty spent $11,880 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2023. Prepare all journal entries required in 2023 and 2024. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the problem statement.)

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