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Edit View History Window Help 42% 17 Tue 2:18 AM a : gen wileyplus.com Assignment CALCULATOR FULL SCREEN PRINTER VERSION DURCES During 2013, Bramble Corporation spent $146,880 in research and development costs. As result, a new product called the New Age Piano was petented. The patent was had a legal life of 20 years and a useful life of 10 years. Legal costs of $19,440 related to the patent were incurred as of October 1, 201 Prepare ali journal entries required in 2013 and 2014 as a result of the transactions above. (Round answers to 0 decimal places, e.g. 8,564. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the 2-4 Date Account Titles and Explanation To record research and development expenses) CTo record legal expenses) 2013 To record amortization expense) Click if you would like to Show Work for this question: Open Show work Version 4 24.62 nent I Privacy Policy 1 2000-2018 John Wley&Sons;, Inc, All Rights Reserved. A Divisian of iohn Wiley& Sans Irc. MacBook Pro 7

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Journal Entries Date Particulars Debit Credit 2013 Research and Development Expenses Dr $146,880.00             To Cash $146,880.00 (To record research and development expenses) 2013 Patents Dr $19,440.00             To Cash $19,440.00 (To record Legal Expenses) 2013 Amortization Expense- Patent Dr [($19440/10) *3/12)] $486.00             To Patents $486.00 (To record Amortization expenses for 3 months in 2013 from oct 2013 to december 2013) 2014 Amortization Expense- Patent Dr ($19440/10) $1,944.00             To Patents $1,944.00 (To record Amortization expenses for 2014)

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