The intangible assets section of Riverbed Corporations balance sheet at December 31, 2017, is presented here.

Patents ($72,300cost less $7,400amortization)	$64,900
Copyrights ($40,000cost less $25,800amortization)	14,200
Total	$79,100

The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018.

Jan.	2	Paid $54,000legal costs to successfully defend the patent against infringement by another company.
Jan.	June	Developed a new product, incurring $240,000in research and development costs. A patent was granted for the product on July 1, and its useful life is equal to its legal life. Legal and other costs for the patent were $10,000.
Sept.	1	Paid $52,500to a quarterback to appear in commercials advertising the companys products. The commercials will air in September and October.
Oct.	1	Acquired a copyright for $290,000. The copyright has a useful life and legal life of 50 years.

	Your answer is correct.

Prepare journal entries to record the transactions.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. 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
Jan. 2Jan.JuneJuly 1Sept. 1Oct. 1
Jan. 2Jan.JuneJuly 1Sept. 1Oct. 1
Jan. 2Jan.JuneJuly 1Sept. 1Oct. 1
Jan. 2Jan.JuneJuly 1Sept. 1Oct. 1
Jan. 2Jan.JuneJuly 1Sept. 1Oct. 1

SHOW LIST OF ACCOUNTS

LINK TO TEXT LINK TO TEXT

	Your answer is partially correct. Try again.

Prepare journal entries to record the 2018 amortization expense for intangible assets.(Credit account titles are automatically indented when amount is entered. Do not indent manually. 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
Dec. 31
(To record amortization of patents)
Dec. 31
(To record amortization of copyrights)

	Your answer is partially correct. Try again.

Prepare the intangible assets section of the balance sheet at December 31, 2018.

RiverbedCorporation Balance Sheet (Partial) December 31, 2018For the Year Ended December 31, 2018For the Month Ended December 31, 2018
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
	$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity		$