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These are selected 2025 transactions for Monty Corporation: Jan. 1 Purchased a copyright for $108,000. The copyright has a useful life of 6 years

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These are selected 2025 transactions for Monty Corporation: Jan. 1 Purchased a copyright for $108,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar, 1 Sept. 1 Purchased a patent with arrestimated useful life of 4 years and a legal life of 20 years for $51,024, Purchased a small company and recorded goodwill of $138,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Dato Account Titler and Explanation Debit Credit

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