1. Assuming What is the amount of annual depreciation of an asset costing $2,000 purchased Jan 2002 with a useful life of 10 years ($200)

What is the assets book value at year-end 2004?

2.Show the entryrequired when a company receives an advance payment of $4,000 from a client for services to be rendered over the next 4 monthsandthe entry later after they have performed one month worth of services.

3.Show the entryrequired when a company receives an advance payment of $4,000 from a client for services to be rendered over the next 4 monthsandthe entry later after they have performed one month worth of services.

4.Bought a $3,000 three-year insurance policy and paid in full. Show the entries required for the purchase and the adjusting entry one year later.

5.$4,000worthofservicesareperformedforaclient,$3,000iscollectedbut$1,000willbecollectedinonemonth.Showtheentriesrequirednowandinonemonth.

6.Purchased a large quantity of office supplies for $4,000. Paid 1,000 with the remainder due in one month. Show the entries required for the purchase and payment next month.

7.Show the entry to record $400 of depreciation for the period.

8.What is the entry required when $100 of the supplies purchased in # 12 have now been used.

9.Show the entries required to close $2,000 in expense, $5,000 in revenue and $500 in dividends

10.Show the entries required to close $2,000 in expense, $5,000 in revenue and $500 in dividends

11.What accounts would be found on the Adjusted Trial Balance but not on the Post-Clsoing Trial Balance?