The entry to record amortization of a customer list in the amount of $4,500 is as follows:
a. Amortization (or Selling) Expense . . . . . . . . . . . . . . . . . . . . . . . 4,500
Customer List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
b. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Customer List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
c. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Customer List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
d. Amortization (or Selling) Expense . . . . . . . . . . . . . . . . . . . . . . . 4,500
Allowance for Amortization of Customer List . . . . . . . . . . . . . . .. . . . . 4,500
e. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Allowance for Amortization of Customer List . . . . . . . . . . . . . . .. . . . . 4,500
A
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