Remaining Time: 1 hour, 59 minutes, 42 seconds. * Question Completion Status: L Moving to another question will save this response. Question 1 A. Manam Co. purchased a Trademark for $ 480,000 on October 1, 2020. The Trademark is legally used for 20-year period. Required: Prepare the journal entry to record the amortization expense on Dec. 31, 2020 B. On January 1, 2018, Zallaq Trading Co. acquired a truck costing $425,000. Zallaq uses the straight-line method to depreciate the truck w of 10 years. On July 1, 2020, Zallaq sold the truck for $ 280,000 cash. Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on July 1, 2020. 2. The sale of the truck on July 1, 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "," BETWEEN NUMBERS: Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph V Arial 10pt :v V