« previous next »

Author Question: Depreciation on equipment for the year is 6,300. (a) Record the journal entry if the company adjusts ... (Read 123 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Jul 5, 2018
Depreciation on equipment for the year is 6,300. (a) Record the journal entry if the company adjusts its account once a year. (b) Record the journal entry if the company adjusts its account on a monthly basis.

Question 2

Adjustments to Enterprise Funds to prepare the government-wide financial statements will mostly be limited to
 
  A. Changes in measurement focus adjustments.
  B. Changes in basis of accounting adjustments.
  C. Internal Service Fund adjustments.
  D. Changes in budgetary basis adjustments.


abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 5, 2018
Answer to Question 1

(a)
Depreciation Expense
Accumulated Depr. - Equipment
(b)
Depreciation Expense (6,300/12)
6,300

525

6,300
Accumulated Depr. - Equipment 525

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Equipment Inventory Record Equipment Inventory Record
Venipuncture equipment. Venipuncture equipment.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ... The WISER entry for hydrogen cyanide (bottom). Useful information includes detailed health ...
Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Electrical changes in the heart

For a complete list of videos, visit our video library