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On September 30, 2018, Athens Software began developing a software program to shleld personal computers from malware and spyware. Technological feasibility was established on February
On September 30, 2018, Athens Software began developing a software program to shleld personal computers from malware and spyware. Technological feasibility was established on February 28, 2019, and the program was avallable for release on April 30, 2019 Development costs were Incurred as follows: September 3e through December 31, 2018 January 1 through February 28, 2819 March 1 through April 3e, 2819 $2,378,890 978,99e 570,0ee Athens expects a useful life of four years for the software and total revenues of $6,000,000 during that time. During 2019, revenue of $1,260,000 was recognized. Requlrec 1. Prepare the Journal entries to record the development costs In 2018 and 2019. 2. Calculate the requlred amortization for 2019 Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare the journal entries to record the development costs in 2018 and 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the 2018 development costs Note: Enter debits before credits Transaction General Journal Debit Credit 2018
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