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On September 30, 2024, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February

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On September 30, 2024, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2025, and the program was available for release on April 30,2025 . Development costs were incurred as follows: Athens expects a useful life of four years for the software and total revenues of $6,600,000 during that time. During 2025, revenue of $1,320,000 was recognized. Required: 1. Prepare a journal entry to record the development costs in each year of 2024 and 2025 . 2. Calculate the required amortization for 2025 . Complete this question by entering your answers in the tabs below. Prepare a joumal entry to record the development costs in each year of 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 Prepare a journal entry to record the development costs in 2024. All costs were paid with cash. Prepare a journal entry to record the development costs in each year of 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare a journal entry to record the development costs in 2024. All costs were paid with cash. Note: Enter debits before credits. Prepare a journal entry to record the development costs in each year of 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare a journal entry to record the development costs in 2025. All costs were paid with cash. Note: Enter debits before credits. On September 30, 2024, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28,2025 , and the program was available for release on April 30,2025. Development costs were incurred as follows: Athens expects a useful life of four years for the software and total revenues of $6,600,000 during that time. During 2025 , revenue of $1,320,000 was recognized. Required: 1. Prepare a journal entry to record the development costs in each year of 2024 and 2025 . 2. Calculate the required amortization for 2025. Complete this question by entering your answers in the tabs below. Calculate the required amortizotion for 2025

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