RA K3 8 points Save Answer === XX A. Muharraq Industrial Co. purchased a Tradename for $240,000 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 B. On January 1, 2019, Gulf Trading Co. acquired a machine costing $235,000. The company uses the straight-line method to depreciate the truck with an estimated salvage value of $35,000 and an estimated useful life of 10 years. On March 31, 2021, The company sold the machine for $170,000 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. T 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). Question 9 BIUS Paragraph R A Te +. ABC Arial T 99 C 10pt x !!! E !!! A v 7 Li I EXE H