« previous next »

Author Question: Depreciation on equipment for the year is 6,300. (a) Record the journal entry if the company adjusts ... (Read 118 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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event
Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ... Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ...
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Time-of-entry mapping Time-of-entry mapping
Time-of-entry mapping Time-of-entry mapping
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library