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Concord Enterprises has a December 31 fiscal year end and uses straight-line amortization to the nearest month for its finite-life intangible assets. The company has provided you with the following information related to its intangible assets and goodwill during 2020 and 2021:

2020
Jan. 9		Purchased a patent with an estimated useful life of 5 years and a legal life of 20 years for $45,000 cash.
May 15		Purchased another company and recorded goodwill of $580,000 as part of the purchase.
Dec. 31		Recorded adjusting entries as required for amortization.
Dec. 31		Tested assets for impairment and determined the patent and the goodwill's recoverable amounts were $40,000 and $526,000, respectively.

2021
Jan. 2		Incurred legal fees of $18,000 to successfully defend the patent.
Mar. 31		Incurred research costs of $171,000.
Apr. 1		Purchased a copyright for $78,000 cash. The company expects the copyright will benefit the company for 10 years.
July 1		Purchased a trademark with an indefinite expected life for $250,000 cash.
Dec. 31		Recorded adjusting entries as required for amortization.

(a)

Record the transactions and adjusting entries as required. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) 2020:

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record cash purchase of patent	enter a debit amount	enter a credit amount
	enter an account title to record cash purchase of patent	enter a debit amount	enter a credit amount
	(To record cash purchase of patent.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record goodwill as part of purchase of another company	enter a debit amount	enter a credit amount
	enter an account title to record goodwill as part of purchase of another company	enter a debit amount	enter a credit amount
	(To record goodwill as part of purchase of another company.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record amortization expense	enter a debit amount	enter a credit amount
	enter an account title to record amortization expense	enter a debit amount	enter a credit amount
	(To record amortization expense.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record impairment loss on goodwill	enter a debit amount	enter a credit amount
	enter an account title to record impairment loss on goodwill	enter a debit amount	enter a credit amount
	(To record impairment loss on goodwill.)

2021:

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record successful defence of patent	enter a debit amount	enter a credit amount
	enter an account title to record successful defence of patent	enter a debit amount	enter a credit amount
	(To record successful defence of patent.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record research expense	enter a debit amount	enter a credit amount
	enter an account title to record research expense	enter a debit amount	enter a credit amount
	(To record research expense.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record cash purchase of copyright	enter a debit amount	enter a credit amount
	enter an account title to record cash purchase of copyright	enter a debit amount	enter a credit amount
	(To record cash purchase of copyright.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record cash purchase of trademark	enter a debit amount	enter a credit amount
	enter an account title to record cash purchase of trademark	enter a debit amount	enter a credit amount
	(To record cash purchase of trademark.)
choose a transaction date Jan. 2Jan. 9Mar. 31Apr. 1May 15July 1Dec. 31	enter an account title to record amortization expense	enter a debit amount	enter a credit amount
	enter an account title to record amortization expense	enter a debit amount	enter a credit amount
	enter an account title to record amortization expense	enter a debit amount	enter a credit amount
	(To record amortization expense.)

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(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.

there are two parts in this question

part a are journal entries'

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