Ques a | Accumulated depreciation | ||||
Step:1 | determine the current account balance equals | 18500 | Credit | 18500 | |
20600 | |||||
Step:2 | Determine what the current account balance should equal | 39100 | Credit | 39100 | |
Step 3 | Adjusting Entry | Debit | credit | ||
Depreciation expense | 20600 | ||||
Accumulated depreciation | 20600 |
Ques b | Accumulated depreciation | ||||
Step:1 | determine the current account balance equals | 0 | |||
10800 | |||||
Step:2 | Determine what the current account balance should equal | 10800 | Credit | 10800 | |
Step 3 | Adjusting Entry | Debit | credit | ||
Depreciation expense-Truck | 10800 | ||||
Accumulated depreciation-Truck | 10800 |
Ques c | Accumulated depreciation | ||||
Step:1 | determine the current account balance equals | 0 | |||
6000 | |||||
Step:2 | Determine what the current account balance should equal | 6000 | Credit | 6000 | |
Step 3 | Adjusting Entry | Debit | credit | ||
Depreciation expense-Equipment | 6000 | ||||
Accumulated depreciation-Euipment | 6000 |
2,30 Saved Help Save & Exit Subm Accumulated Depreciation. The Krug Company's Accumulated Dopraelation account han510.500...
a. The Krug Company's Accumulated Depreciation account has a $17,500 balance to start the year. A review of depreciation schedules reveals that $19,400 of depreciation expense must be recorded for the year. Accumulated depreciation Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. b. The company has only one fixed asset (truck) that it...
For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. a. The Krug Company's Accumulated Depreciation account has a $19,500 balance to start the year. A review...
For each separate case below, tollow the three-step process for adjusting the Accumulated Depreciation account at December 31 Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year. a. The Krug Company's Accumulated Depreciation account has a $17,000 balance to start the year. A review...
For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. a. The Krug Company's Accumulated Depreciation account has a $19,500 balance to start the year. A review...
QS 3-8 Accumulated depreciation adjustments LO P1 For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31 Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year a. The Krug Company's Accumulated Depreciation account has a $18,500...
For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. I just wrote numbers not correct by the way just to show the formating. a. The Krug...
QS 3-8 Accumulated depreciation adjustments LO P1 For each separate case below, follow the three-step process for adjusting the accumulated depreciation account at December 31. oints Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 eBook Assume no other adjusting entries are made during the year a. The Krug Company's Accumulated Depreciation account has...
For each separate case below, follow the 3-step process for adjusting the accumulated depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31, adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. Chrome File Edit View History Bookmarks People Window Help M Chapter 3 New Tab C ezto.mheducation.co m/hm.tpx...
For each separate case below, follow the three-step process for adjusting the supplies asset account at December 31 Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year The Supplies account has a $580 debit balance to start the year. No supplies were purchased during...
For each separate case below, follow the three-step process for adjusting the Supplies asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year. a. The Supplies account has a $580 debit balance to start the year. No supplies were purchased...