These are selected 2012 transactions for Jendusa Corporation:
|
Jan. |
Purchased a copyright for $120,000. The copyright has a useful life of |
|
Mar. |
Purchased a patent with an estimated useful life of 4 years and a legal |
|
Sept. |
Purchased a small company and recorded goodwill of $150,000. Its useful |
Instructions
Prepare all adjusting entries at December 31 to record amortization required by the events.