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Prepare the required journal entry on december

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Reference no: EM132103320

Question - At December 31, the unadjusted trial balance of H&R Tracks reports Software of $26,500 and zero balances in Accumulated Amortization-Intangibles and Amortization Expense. Amortization for the period is estimated to be $5,300.

1. Prepare the required journal entry on December 31.

2. Prepare the T-accounts for each account, enter the unadjusted balances, post the journal entry, and report the adjusted balance.

Reference no: EM132103320

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