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At December 31, the unadjusted trial balance of H&R Tacks reports Software of $31,000 and...

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Accounting

At December 31, the unadjusted trial balance of H&R Tacks reports Software of $31,000 and and zero balances in Accumulated Amortization and Amortization Expense. Amortization for the period is estimated to be $6,200.

Required:

  1. Prepare the adjusting journal entry on December 31.

  2. Post the beginning balances and adjusting entries to the following T-accounts.

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