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1 year ago

E10-12 The following are selected 2017 transactions of Pedigo Corporation.

Business

1 answer:

kap26 [50]1 year ago

6 0

Entries are given.

DATE ACCOUNT TITLES DEBIT CREDIT

Dec 31,2019 No entry 0

No entry

(Considering that goodwill has an 0

infinite existence, goodwill should

not be amortised.)

Dec 31, 2019 Patent Amortization $10,000

[$75,000×(1/5)×(8/12)] patents

(To record patent amortizations for $10,000

8 months)

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