On December 31, it was estimated that goodwill of $3,867,800 was impaired. In addition, a patent...

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On December 31, it was estimated that goodwill of $3,867,800 was impaired. In addition, a patent with an estimated useful economic life of 13 years was acquired for $468,000 on April 1. Required: a. Journalize the adjusting entry on December 31 for the impaired goodwill. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered b. Journalize the adjusting entry on December 31 for the amortization of the patent nights. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered. Do not round your intermediate calculations and round your final answer to the nearest dollar. On December 31, it was estimated that goodwill of $3,867,800 was impaired. In addition, a patent with an estimated useful economic life of 13 years was acquired for $468,000 on April 1. Required: a. Journalize the adjusting entry on December 31 for the impaired goodwill. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered b. Journalize the adjusting entry on December 31 for the amortization of the patent nights. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered. Do not round your intermediate calculations and round your final answer to the nearest dollar.