The following transactions and events affected the accounts of Betta Ltd for the current year $(2024).$

$1.$ A patent with an estimated life of $10$ years was purchased for cash of K$840000$ on $30$ January

$2023.$

$2.$ On $8$ January of the current year, Betta Ltd paid K$44000$ in legal fees for the successful defence

of a patent infringement suit against the patent purchase lase year $(1$ above$).$

$3.$ On $8$ January $2024,$ Betta Ltd signed a contract to lease a small warehouse from Kassam Ltd$.$ The

lease is for $5$ years and required an advance payment of K$210000$ plus a K$90000$ cash payment

at the end of each year.

$4.$ On $31$ January, a valuable copyright held by the company as valued independently at K$70000.$

K$35000$ of this had been previously included in the asset $$Research and Development$.$ It is

expected that the copyright has a future useful life of $6$ years.

$5.$ On $6$ February of the current year, Betta Ltd purchased a coal mine for K$11500000.$ Of the total

purchase price, K$9900000$ was assigned to the coal mine and the remaining K$1600000$ was

assigned to mining machinery. The mine has a residual value of K$1500000,$ and contains an

estimated $20000000$ tonnes of coal.

Required:

Prepare the journal entries to record the transactions for the current year $(2024).$