View Picis Current Attempt in Progress Gladow Corporation began operations in 2020 and has these transactions related to intangible assets is that year Purchased a patent (5-year Goodwill purchased as part of an acquisition of another company Acquired a 9-year franchio expiration date July 1, 2025 Determined that the recoverable amount of the potent and franchise to be $214.000 a $641.000 respectively. There was no indication that the goodwill was impaired Jan 2 Apr. 1 M1 Dec 31 Date Account Titles and Explanation Jan. 2 Apt. 1 -15 Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash On account ster automatically indented when the amount is entered. Do not indent manually if no entry is requiredt, select "No Entry for the account titles and enter O for the amounts Debit I Credit $364.000 SACR000 $400 Act 1 Jd. 1 (Part of the entry to record purchase of another company) eTextbook and Media List of Accounts Prepare any adjusting journal entries required at December 31, 2020. (Credit account sicles 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 O for the amounts) Date Account Titles and Explanation Credit Dec. 31 (Amortization of Patent) Debit Question 9 of 9 Date Account Titles and Explanation Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 dusortization Pat Amortization of rand ngatment of Pe limpsement of Fenchel pent of Goodw Textbook and Media Credit SHI ^64 KO eTextbook and Media Dimpairment of Goodwill) List of Accounts Calculate the carrying amount at December 31, 2020 for each of the intangibles Patents Goodwill S Franchises $ $ eTextbook and Media) List of Accounts Save for Later Using multiple attempts will impact your score Attempts: 0 of 3 used S
