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Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. ( Record entries in the order displayed in
Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Date Account Titles and Explanation Debit Credit On January Blossom Company had a balance of $ of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite life. During the company had the following additional transactions. Jan. Purchased a patent year life $ July Acquired a year franchise; expiration date July $ Sept. Research and development costs $ a Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Date Account Titles and Explanation Debit Credit
Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date
Account Titles and Explanation
Debit
Credit
On January Blossom Company had a balance of $ of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. The goodwill had an indefinite life. During the company had the following additional transactions.
Jan. Purchased a patent year life $
July Acquired a year franchise; expiration date July $
Sept. Research and development costs $
a
Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date
Account Titles and Explanation
Debit
Credit
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