E9-14 - Debit Credit Amortization Expense-Patent $60,000.00...

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Gladow Company Part A: Entries to record the intangibles Date Account/description Debit Credit Jan 2, 2010 Patent $300,000.00 Cash $300,000.00 Apr 1, 2010 Goodwill $360,000.00 Cash $360,000.00 Jul 1, 2010 Franchise $540,000.00 Cash $540,000.00 Sep 1, 2010 Research and Development Expense $185,000.00 Cash $185,000.00 Part B: Entries as of 12/31/2010 Date Account/description
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Unformatted text preview: Debit Credit Dec 31, 2010 Amortization Expense-Patent $60,000.00 Patent $60,000.00 Dec 31, 2010 Amortization Expense-Franchise $30,000.00 Franchise $30,000.00 Part C: Balance on 12/31/2010 Dec 31, 2010 Patent $240,000.00 Dec 31, 2010 Goodwill $360,000.00 Dec 31, 2010 Franchise $510,000.00...
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