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Journal entry worksheet Record the Patent Amortization expense for the full year. Note: Enter debits before credits. Journal entry worksheet Record the reversal of the accumulated amortization of patents. Note: Enter debits before credits. Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Record the sale of the truck for $31,000 cash. Note: Enter debits before credits. The following tronsactions and adjusting entries were completed by a poper-pockaging company called Gravure Grophics International. The compony uses straight -ine depreciation for trucks and other vehicles, double-decfining-balance depreciation for bulicings, and straightiline omortization for potents. Janumy 2,2020 pald 593,000 cath to purchase atorage shed cosponents. July 1, 2020 Paid $22,000 cash to purchase patent- Fights on a new paper baif mamufaturine process. The patent is estinated to have a reainine iseful ilfe of five years: Deceober 31, 2020 llecorded deprectition and atortization on the plekug truck, storage ahed, and patent. the book valte to rere). Required: Prepore the fouinal entules isquired on each of the sbove dates. (if no entry is required for o transaction/event, select 'No Jotimal Journal entry worksheet 1. ,5 (6) 7 ( 8 Record the depreciation on the storage shed for the year. Note: Enter debits before credits. Journal entry worksheet Record any impairment loss incurred on the patent. Note: Enter debits before credits

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