ASSETS111 Cash121 Accounts Receivable141 Inventory152 Prepaid Insurance181 Equipment189 Accumulated Depreciation191 PatentLIABILITIES211 Accounts Payable231 Salaries Payable250 Unearned Revenue261 Income Taxes PayableEQUITY311 Common Stock331 Retained EarningsREVENUE411 Sales RevenueEXPENSES500 Cost of Goods Sold511 Insurance Expense512 Utilities Expense521 Salaries Expense532 Bad Debt Expense533 Amortization Expense540 Interest Expense541 Depreciation Expense559 Miscellaneous Expenses910 Income Tax ExpenseI have tried Misc expense and Amortization expense but it was incorrect. For the 2017 Amortization amount, I tried $2000, but it was incorrect.DATE ACCOUNT TITLE POST. REF. DEBIT CREDITJan. 4, 2016 Patent 24,000.00 Cash 24,000.00Dec. 31, 2016 Amortization Expense 2,000.00 Patent 2,000.00Jan. 3, 2017 ????? 11,000.00 Cash 11,000.00Dec. 31, 2017 Amortization Expense ????? Patent ???????
Misc expense and amortization expense
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