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18. Smith and Jones received S25,000 on May 1, 2019, ffom Ms. Brown to build a swimming pool. At the end of May they had
18. Smith and Jones received S25,000 on May 1, 2019, ffom Ms. Brown to build a swimming pool. At the end of May they had earned 30% of this amount. Make ONLY the journal entry to recognize the revenue they earned in May. Use the following information to answer questions 19 and 20. Servco purchases a color copier on January 1, 2018 for $80,000. The copier has an estimated life of 5 years or 1,500,000 copies. The salvage value is estimated to be $4,000. 19. The amount of depreciation to be recorded only for 2019, using the straight-line method - calculate the amount and make the journal entry in good form. nromptly **ing the total cost of 20. What is the amount of depreciation to be recorded for 2019 using the units of activity method and assuming that 240,000 copies are made in 2019. No journal entry is needed
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