hw8 - Debit Credit 2007 Jan 2 Patent 330,000 cash 330,000...

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Buad305 BE 9-5 GENERAL JOURNAL Date Description Debit Credit A. Accumulated depreciation 41,000 equipment 41,000 Accumulated depreciation 36,800 B. Loss on dis account payable 4,200 equipment 41,000 Accumulated depreciation 20,000 C. cash 18,000 Loss on disposal 16000 BE9-6 Description Debit Credit 2007 A. sep. 30 Depreciation expense 7,500 acumulated depreciation 7,500 30 Accumulated depreciation 49,500 b. Cash 21,000 Loss on disposal 1,500 E. 9-12 Office equipment 72000 GENERAL JOURNAL Date Description
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Unformatted text preview: Debit Credit 2007 Jan 2. Patent 330,000 cash 330,000 apr. 1 good will 360,000 cash 360,000 Jul . 1 Franchise 450,000 b. cash 450,000 Sept. 1 R&D expense 185,000 cash 185,000 B. Date Description Debit Credit 2007 Dec. 31 Amortization expense- patent 66,000 Patent 66,000 31 Amortization expense- Franchise 50,000 Franchise 50,000 c. Patent bal. debit of 264000 Franchise bal. debit of 400000 good will bal. debit of 360000...
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