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View Policies Current Attempt in Progress Pharoah Corporation has the following selected transactions during the year ended December 31, 2021 : Jan, 1 Purchased a
View Policies Current Attempt in Progress Pharoah Corporation has the following selected transactions during the year ended December 31, 2021 : Jan, 1 Purchased a copyright for $128,160 cash. The copyright has a useful life of six years and a remaining legal life of 30 years. Mar: Acquired a franchise with a contract period of nine years for $548,910; the expiration date is March 1, 2030. Paid cash 1 of $41,980 and borrowed the remainder from the bank. Sept. Purchased a trademark for $74,360 cash. As the purchase was being finalized, spent $36,630 cash in legal fees to 1 successfully defend the trademark in court. (a) Prepare the entries to record the above transactions. (List all debit entries before credit
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