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Question 20 of 24 ./8 E View Policies Current Attempt in Progress Sunland Company, organized...

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Question 20 of 24 ./8 E View Policies Current Attempt in Progress Sunland Company, organized in 2022. has these transactions related to intangible assets in that year Jan 2 Apr 1 Purchased a patent (5-year life) $282.750 Goodwill purchased indefinite life sb 13.200. Acquired a 9-year franchise: expiration date July 1.2031, 5626,400. Research and development costs $160,950. July 1 Sept. 1 (a) Prepare the necessary entries to record these intangibles. All costs incurred were for cash. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepare the necessary entries to record these intangibles. All costs incurred were for cash (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 for the amounts. Record journal entries in the order presented in the problem! Date Account Tities and Explanation Debit Credit Sforter Attempts: 0 of 1 used Sun AT

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