For the year ending December 31, 2019, Hogan Manufacturing Company had depreciation totaling $38,000 on its office
Question:
For the year ending December 31, 2019, Hogan Manufacturing Company had depreciation totaling $38,000 on its office equipment. Give the general journal entry to record the adjusting entry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
GENERAL JOURNAL PAGE 42 DATE DESCRIPTION POST RE...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Question Posted:
Students also viewed these Business questions
-
For the year ending December 31, 2016, Carter Manufacturing Company had depreciation totaling $76,000 on its office equipment. Give the general journal entry to record the adjusting entry.
-
The balance sheet of The Office Equipment and Supply Shop after the revenue, expense, and partners' drawing accounts have been closed on December 31, 2016, is provided below. On that date, Rush,...
-
The following information is for Union Express Delivery Service's workers' compensation insurance premiums. On January 15, 2019, the company estimated its premium for workers' compensation insurance...
-
1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...
-
What is the debt to total assets ratio?
-
Ethical Dilemma: Ryan Staton is the Export Manager at Juneau Industries, a manufacturer of office furnishings. He has identified Russia as a promising market and decides to attend a furniture trade...
-
So what we did, in essence, is we said advertising should be useful to a consumer just as much as the organic search results, and we dont want people just to buy advertising and be able to show an ad...
-
Calvin uses fraud to induce Maria to promise to pay money in return for goods he has delivered to her. Has a contract been formed? If so, what kind? What are the rights of Calvin and Maria?
-
In a performance report, the a. expenditures of more than allowed amounts are not permitted to occur. b. expenditures of less than allowed amounts are undesirable. c. expenditures of less than...
-
Questions to Answer: How might Elaine minimize the tax implication of C Corporation status? What advice would you give to Elaine in choosing her business entity form? Required information Entity...
-
The International Shipping Company incurred the costs below related to a new packing machine: Invoice price of packing machine.................................$95,000 Cash discount for prompt...
-
Hightower Company acquired an asset on January 2, 2019, at a cost of $133,000. The assets useful life is four years and its salvage value is $38,000. Compute the depreciation expense for each of the...
-
Assuming the asset pool was closed when the network file server became obsolete, redo Self-Test Problem 22.1. Data in Self-Test Problem 22.1. Your company wants to purchase a new network file server...
-
What is the amount of Gain or Loss recognized on the disposition? Enter a Gain as a positive number or a Loss as a negative number or Zero if neither is recognized. R&R purchased a piece of equipment...
-
B)There is a significant increase in Machinery, Equipment, and Office Furniture (576%), a significant increase in A significant increase in the Line of Credit (344%), and a significant increase in...
-
Ryvel Company has 2 (two) Production Departments, namely Department I and Department II. In addition, it has 2 (two) Supporting Departments, namely Department C and Department D. Ryvel Company...
-
Dollars According to the graph below, what should this profit-maximizing firm do? P3 P4 MC ATC 0 Q3Q1Q2 MR D Quantity
-
Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7...
-
Find the derivative of y with respect to the appropriate variable. -1 y = sinh ! V
-
A parking lot charges $3 for the first hour (or part of an hour) and $2 for each succeeding hour (or part), up to a daily maximum of $10. (a) Sketch a graph of the cost of parking at this lot as a...
-
The Sticky Company makes candy. The continuous production operation starts in the mixing department where the chocolate, sugar, water, and other ingredients are blended. It then moves to the second...
-
1. The directors of the firm where you work have asked you to explain whether the job order cost accounting system or the process cost accounting system provides the more accurate costs for each unit...
-
The percentage complete for the beginning and ending inventory is an important figure to determine the cost of the work in process inventory and the finished goods inventory. If the ending finished...
-
Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits...
-
Which of the following partnership items are not included in the self-employment income calculation? Ordinary income. Section 179 expense. Guaranteed payments. Gain on the sale of partnership...
-
Phantom Consulting Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program...
Study smarter with the SolutionInn App