Sheridan Corporation, organized in 2018, has these transactions related to intangible assets in that year:

Jan. 2		Purchased a patent (5-year life), $ 297,900.
Apr. 1		Goodwill purchased as part of an acquisition of another company, $ 369,300.
July 1		Acquired a 9-year franchise; expiration date July 1, 2027, $ 580,050.
Sept. 1		Research costs paid, $ 191,560. No marketable product has been identified as yet.
Dec. 31		Determined that the recoverable amount of the patent was $ 159,420.
Dec. 31		Determined that the recoverable amount of the franchise was $ 541,360.
Dec. 31		Determined that the goodwill was not impaired.

(a)

Prepare the necessary entries to record these transactions. Assume all costs incurred were for cash. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction datechoose a transaction date Jan. 2Apr. 1July 1Sep. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction datechoose a transaction date Jan. 2Apr. 1July 1Sep. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction datechoose a transaction date Jan. 2Apr. 1July 1Sep. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction datechoose a transaction date Jan. 2Apr. 1July 1Sep. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount