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Milano Gallery purchases the copyright on a painting for $330looo on January 1. The copyright...

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Milano Gallery purchases the copyright on a painting for $330looo on January 1. The copyright is good for 12 more years. The company plans to sell prints for 19 years. Prepare entries to record the purchase of the copyright on January 1 and its annual amortization on December 31 Vien transaction list Journal entry worksheet 1 2 Record the purchase of the copyright on a painting for $280,000 cash, a Note Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear enun View general journal Milano Gallery purchases the copyright on a painting for $330,000 on January 1. The copyright is good for 12 more years. The company plans to sell prints for 19 years. Prepare entries to record the purchase of the copyright on January 1 and its annual amortization on December 31. View transaction list Journal entry worksheet INIRANHAMIN 22 HIHIIHIIHMINHNIE Record the yearend adjusting entry for the amortization expense of the copyright: Note: Enter den before cred us. Date General Journal Debit Dee B View general journal vre cod enim Clearrenda

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