Question: On September 30, 2024, Athens Software began developing a software program to shield personal computers from malware and spyware Technological feasibility was established on
On September 30, 2024, Athens Software began developing a software program to shield personal computers from malware and spyware Technological feasibility was established on February 28, 2025, and the program was available for release on April 30, 2025. Development costs were incurred as follows: September 30 through December 31, 2024) January 1 through February 28, 2025 March 1 through April 30, 2025 $ 2,250,000 850,000 450,000 Athens expects a useful life of four years for the software and total revenues of $6,100,000 during that time. During 2025, revenue of $1,220,000 was recognized. Required: Prepare a journal entry in each year to record development costs for 2024 and 2025. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Record the development costs for 2024. Note: Enter debits before credits. Date 2024 General Journal Debit Credit Record entry Clear entry View general journal
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