D Moving to another question will save this response. Question 7 A. Muharraq Industrial Co. purchased a Tradename for $ 120,000 on July 1, 2021. The Trademname is legally used for 20-year period. Required: Prepare the journal entry to record the amortization expense on Dec. 31, 2021 Question 7 of 11 8 points Save Answes B. On January 1, 2019, Gulf Trading Co. acquired a machine costing $125,000. The company uses the straight-line method to depreciate the truck with an estimated salvage value of $25,000 and an estimated useful life of 10 years. On March 31, 2021, The company sold the machine for $ 90,000 cash. Required: Prepare journal entries to record: 1. The partial year's depreciation (the update) on March 31 2021. 2. The sale of the machine on March 31, 2021 YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE BETWEEN NUMBERS Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt 0 WORDS POWERED BY TINY