Valix Finacc vol 1 Problem 20-32

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 20 Problem 20-32

12/31/2008       R and D expense                                                         2,500,000

                                    Cash                                                                                        2,500,000

1/1/2009           R and D expense                                                         1,200,000

                                    Cash                                                                                        1,200,000

7/1/2009           R and D expense                                                            500,000

                                    Cash                                                                                           500,000

11/1/2009         Patent                                                                            350,000

                                    Cash                                                                                           350,000

11/15/2009       Patent                                                                            800,000

                                    Cash                                                                                           800,000

12/31/2009       Patent                                                                            100,000

                                    Cash                                                                                           100,000