On September $30,2024,$ Athens Software began developing a software program to shleld personal computers from malware and

spyware. Technological feasibility was established on February $28,2025,$ and the program was avallable for release on April $30,2025.$

Development costs were incurred as follows:

September $30$ through December $31,2024$

$$3,2,$

$1,3,$

$51,$

January $1$ through February $28,2025$

March $1$ through April $3e,2025$

Athens expects a useful life of four years for the software and total revenues of $$7,000,000$ during that time. Durlng $2025,$ revenue of

$$1,400,000$ was recognized.

Requlred:

Prepare a journal entry to record the development costs in each year of $2024$ and $2025.$

Calculate the required amortization for $2025.$

Complete this question by entering your answers in the tabs below.

Prepare a journal entry to record the development costs in each year of $2024$ and $2025.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Prepare a journal entry to record the development costs in $2024.$ All costs

were paid with cash.

Note: Enter debits before credits.