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On September $30,2024,$ Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February $28,2025,$ and the program was available for release on April $30,2025.$ Development costs were incurred as follows:

September $30$ through December $31,2024$ $ $2,250,000$

January $1$ through February $28,2025850,000$

March $1$ through April $30,2025450,000$

Athens expects a useful life of four years for the software and total revenues of $$6,100,000$ during that time. During $2025,$ revenue of $$1,220,000$ was recognized.

Required:

Prepare a journal entry in each year to record development costs for $2024$ and $2025.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.On September $30,2024.$ Athens Sofware began developing a software program to shield personal computers from malware and

ipyware. Technological feasibility was established on February $28,2025,$ and the program was available for release on Aprll $30,2025$

Development costs were incurred as follows:

September $30$ through Decenber $31,2024$

January $1$ through february $28,2025$

March $1$ through April $3$e$,2025$

$450,006$

Athens expects a useful life of four years for the sotware and total revenues of $$6,100,000$ curing that irine During $2025,$ revenue of

$$1,220,000$ was recognized.

Required:

Prepare a journal entry in each year to record development costs for $2024$ and $2025.$

Note: If no entry is required for a transoction$/$event$,$ select $"$No journal entry required" in the first occount field.

Journal entry worksheet

$1$

$2$

Record the development costs for $2024.$

Note: Enter debits brfore credits.

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