Question: The previous person didnt do it correctly please make sure you do thank you Your answer is partially correct. These are selected 2022 transactions for

The previous person didnt do it correctly please make sure you do thank you

Your answer is partially correct. These are selected 2022 transactions for Whispering Winds Corporation. Jan. 1 Mar. 1 Sept. 1 Purchased a copyright for $126,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $51,600. Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. Account Titles and Explanation Debit Credit 31 Amortization Expense 21.000 21.000 Copyrights (To record copyrights amortization) Amortization Expense Dec. 31 12900 Patents 12900 (To record patent amortization) Dec. 31 No Entry No Entry (To record goodwill amortization)

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