A) MITCHELL BOEHM

Date Account/ Description Debit Credit

2-Jan Patent $300,000
Cash $300,000
1-Apr Goodwill $360,000
Cash $360,000
1-Jul Franchise $540,000
Cash $540,000
1-Sep Research and development expenses $185,000
Cash $185,000
B)
Date Account/ Description Debit Credit
31-Dec Amortization expense $60,000
Accumulated Amortization - Patent $60,000
31-Dec Amortization expense $30,000
Accumulated Amortization - Franchise $30,000
C)
Account/ Description Debit Credit
Patent $240,000
Goodwill $360,000
Franchise $510,000