Homework Answers
Journal
| Date | Account title | Debit | Credit |
| Jan. 1, 2016 | Assets | 1,080,000 | |
| Goodwill (Bal. fig.) | 220,000 | ||
| Liabilities | 100,000 | ||
| Cash | 1,200,000 | ||
| Dec. 31, 2018 | Loss on goodwill impairment | 30,000 | |
| Goodwill | 30,000 |
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