Section 2 Question 4 (5 points) Banksia Ltd has provided the following information regarding a cash...

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Section 2 Question 4 (5 points) Banksia Ltd has provided the following information regarding a cash generating unit (CGU) for the year ended June 30th, 2020: Assets Carrying Amount $ Cash 20,000 Accounts Receivable 50,000 Plant (cost $300,000) 200,000 Patents 40,000 60,000 Goodwill Recoverable Amount 280,000 Note: Cash and Accounts Receivable are both fully collectable. REQUIRED: 13 Prepare the journal entries to record the above events for the year ended June 30th, 2020. (Ignore any tax effects). R Section 2 Question 4 (5 points) Banksia Ltd has provided the following information regarding a cash generating unit (CGU) for the year ended June 30th, 2020: Assets Carrying Amount $ Cash 20,000 Accounts Receivable 50,000 Plant (cost $300,000) 200,000 Patents 40,000 60,000 Goodwill Recoverable Amount 280,000 Note: Cash and Accounts Receivable are both fully collectable. REQUIRED: 13 Prepare the journal entries to record the above events for the year ended June 30th, 2020. (Ignore any tax effects). R