What are the journal entries for the following?

9)Finite-lived intangible assets are amortized over their legal lives with no salvage. Assume that they are all new in 2018 and that all legal years are remaining (years beyond the life of the author for the copyright). The patents are used in production. The copyright is used by the administrative area, and the trademark is used by the sales area to promote product.

10) Goodwill must be tested for impairment each year. It was first recorded when your firm purchased 60% of another firm. The Fair value of the entire subsidiary with goodwill is $700,000. The fair value of the entire subsidiary without goodwill is $600,000. Goodwill must be tested for impairment each year. It was first recorded when your firm purchased 60% of another firm. The Fair value of the entire subsidiary with goodwill is $700,000. The fair value of the entire subsidiary without goodwill is $600,000. The book value of the firm is $600,000.

11) The derivatives are options purchased to protect the firm from loss. The derivatives served their purpose but no longer have any remaining value.

12) Only part of the interest expense on the note payable, mortgage payable, and bonds payable has been expensed for the entire year. Determine the correct amount of total interest expense for the year and accrue what is necessary. Finite-lived intangible assets are amortized over their legal lives with no salvage. Assume that they are all new in 2018 and that all legal years are remaining (years beyond the life of the author for the copyright). The patents are used in production. The copyright is used by the administrative area, and the trademark is used by the sales area to promote product.

ACCOUNT	DR	CR
Cash	244000
Cash Equivalents	65000
Accounts Receivable	195000
Allowance for Doubtful Accounts	2500
Short-Term Investments	240000
Long-Term Investment (60% ownership)	360000
Land for Future Expansion	400000
Debt Service Fund	950000
Land	400000
Machinery & Equipment	4600000
Buildings	3100000
Accumulated Depreciation		542500
Patents	245000
Copyright	123000
Goodwill	75000
Trademark	135000
Derivatives	50000
Deferred Tax Assets	240000
Deferred Pension Assets	230000
Accounts Payable		175000
Income Taxes Payable		95000
Sales Taxes Payable		34000
Dividends Payable		0
Interest Payable		14000
Notes Payable (8% interest rate)		1000000
Mortgage Payable (5% interest rate)		850000
Bonds Payable (6% interest rate)		2500000
Common Stock (1,000,000 shares outstanding)		1000000
Preferred Stock (4%)		500000
Paid-in Capital in Excess of Par - Common		1800000
Paid-in Capital in Excess of Par - Preferred		200000
Retained Earnings
Accumulated Other Comprehensive Income		29000
Sales Revenue		9800000
Sales Returns & Allowances	37000
Sales Discounts	56000
Cost of Goods Sold	3517000
Selling Expense	482200
General Administrative Expense	2120000
Rent Expense	0
Insurance Expense	136000
Research and Development Expense	120000
Interest Revenue		22000
Dividend Revenue		35000
Interest Expense	95000
Income Tax Expense	0
Gain / Loss on Derivatives	0	0
Gain on Sale of investments		44200
Loss on Sale of Machinery	23000
TOTALS	18640700	18640700