On May 1, 2018, August Company bought a patent at a cost of $5,940. It is estimated that the patent will give August a competitive advantage for 9 years. Record in general Journal form amortization for 2018 and 2019. (Assume December 31 is the end of the accounting period for August.) (Record debits first, then credits. Exclude explanations from journal entries. Do not round intermediary calculations. Only round the final answer to the nearest dollar.) Record in general journal form amortization for 2018. Journal Entry Date Account Titles PR Dr. Cr. 2018 Dec 31 ecord in general journal form amortization for 2019. Journal Entry Account Titles Date PR Dr. Cr. 2019 Dec. 31