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Sunland Limited organized late in 2022 and set up a single account for all intangible...

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Accounting

Sunland Limited organized late in 2022 and set up a single account for all intangible assets. The following summary shows the entries
in 2023(all debits) that have been recorded in Intangible Assets since then:
(a)
Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of
intangibles. (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 O for the amounts. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Credit
Intangible Assets-Patents
image

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