Question: On September 3 0 , 2 0 2 4 , Athens Software began developing a software program to shield personal computers from malware and spyware.
On September Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February and the program was available for release on April Development costs were incurred as follows: Journal entry worksheet
Prepare a journal entry to record the development costs in All costs were paid with cash.
Note: Enter debits before credits.
tableEventGeneral Journal,Debit,Credit
Calculate the required amortization for
Amortization for
September through December $
January through February
March through April
Athens expects a useful life of four years for the software and total revenues of $ during that time. During revenue of $ was recognized.
Required:
Prepare a journal entry to record the development costs in each year of and
Calculate the required amortization for Journal entry worksheet
Prepare a journal entry to record the development costs in All costs
were paid with cash.
Note: Enter debits before credits.
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