uestion Help On July 1, Miracle Apps paid $596, 800 to acquire a patent on software. Miracle Apps expects the patent to have a usefu life f five Requirements 1. Journalize the entry to record the purchase of the patent on July 2. Journalize the entry to record amortization on December 31 Requirement 1. Journalize the entry to record the purchase of the patent on July 1. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Jul 1 Accumulated depreciation Amortization expense Cash Depreciation expense Patents Supplies Choose from any list or enter any number in the input fields and then click Check