Week $1-$ Homework: Chapter $10$

Question $8$ of $10$

$\frac{1\mathrm{.}13}{4\mathrm{.}5}$

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These are selected $2022$ transactions for Bramble Corporation.

Jan. $1$ Purchased a small company and recorded goodwill of $$145,000.$ Its useful life is indefinite.

May $1$ Purchased a patent with an estimated useful life of $4$ years and a legal life of $15$ years for $$78,000.$

Prepare all adjusting entries at December $31$ to record amortization required by the events. $($List all debit entries before credit entries. Credit account titles are automatically indented when 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.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31$

Question $8$ of $10$

$\frac{1\mathrm{.}13}{4\mathrm{.}5}$

These are selected $2022$ transactions for Bramble Corporation.

Jan. $1$

Purchased a small company and recorded goodwill of $$175,000.$ Its

May $1$ Purchased a patent with an estimated useful life of $4$ years and a le

Prepare all adjusting entries at December $31$ to record amortization required events. $($List all debit entries before credit entries. Credit account titles are automati indented when amount is entered. Do not indent manually. If no entry is required, se entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Dec. $31$

$$

$$

$$

$($To record goodwill amortization$)$

Dec. $31$ Accumulated Depreciation$-$Timberland

$$

$($To record patent amortization$)$

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