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There are 3 journel entries to fill, they just didnt all fit in one picture. During 2021, Sheffeld Corporation spent $167,040 in research and development

There are 3 journel entries to fill, they just didnt all fit in one picture. image text in transcribed
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During 2021, Sheffeld Corporation spent $167,040 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2021, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $30,000 related to the patent were incurred as of October 1,2021. (a) Prepare all journal entries required in 2021 and 2022 as a result of the transactions above. (Credit account titles are outomatically indented when amount is entered, Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record entries in the order displayed in the probiem statement.) (To record research and development expenses) (To record legal expenses) (To record amortization expense)

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