Ivarhoe Corporation has the following selected transactions during...

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Accounting

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Ivarhoe Corporation has the following selected transactions during the year ended December 31, 2021: Jan. Purchased a copyright for $131,340 cash. The copyright has a useful life of six years and a remaining legal life of 30 1 years. Mar. Acquired a franchise with a contract period of nine years for $523,530; the expiration date is March 1, 2030. Paid cash 1 of 540,700 and borrowed the remainder from the bark. Sept. Purchased a trademark for $75580 cash As the purchase was being finalized, spent $34,450 cash in legal fees to 1 successfully defend the trademarkin court. (a) Prepare the entries to record the above transactions. (List all dehit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry* for the occount titles and enter ofor the amounts. Record lournal entries in the order presented in the problem.) Prepare the entries to record the above transactions. (List all debit entries before credit entries. Credit account titles 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 0 for the amounts. Record journal entries in the order presented in the problem.)

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