Homework Answers
| Answer | |||
|
adjustment Journal entry |
|||
| Date | Explanation | Debit | Credit |
| 31-Dec | depreciation expense | $ 2,500 | |
| accumulated depreciation-equipment | $ 2,500 | ||
| ( To record adjustment entry for depreciation ) | |||
| Amount of depreciation 500*5 =2500 | |||
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A company purchases new equipment for $24,000 cash on August 1, 2016. Al the time of...
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What i have entered is incorrect, please help!
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please explain how you get depreciation expense and accumulated
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What i have entered is incorrect, please help!
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