1A) Uniform Supply accepted a $7,600, 90-day, 6% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made.). (Use 360 days a year.)

1B) Spears Co. had net sales of $49,404 million. Its average total assets for the period were $15,902 million. Spears' total asset turnover equals

1C) A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $54,000; the land at $51,400, and the parking lot at $19,600. Land should be recorded in the accounting records with an allocated cost of

1D) A company purchased a delivery van for $20,700 with a salvage value of $2,100 on September 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1

1E) The following information is available on a depreciable asset owned by Mutual Savings Bank:

Purchase date	July 1, Year 1
Purchase price	$82,600
Salvage value	$11,400
Useful life	8 years
Depreciation method	straight-line

The asset's book value is $64,800 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $6,400 rather than the original estimate of $11,400. Based on this information, the amount of depreciation expensethe company should recognize during the last six months of Year 3 would be:

1F)A company used straight-line depreciation for an item of equipment that cost $14,350, had a salvage value of $2,800 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,435 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life

1G) A company purchased a weaving machine for $350,170. The machine has a useful life of 8 years and a residual value of $19,500. It is estimated that the machine could produce 769,000 bolts of woven fabric over its useful life. In the first year, 114,500 bolts were produced. In the second year, production increased to 118,500 units. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year

1I) Ngu owns equipment that cost $98,300 with accumulated depreciation of $67,200. Ngu asks $36,200 for the equipment but sells the equipment for $33,800. Compute the amount of gain or loss on the sale

1J) A company had a tractor destroyed by fire. The tractor originally cost $142,000 with accumulated depreciation of $75,300. The proceeds from the insurance company were $37,000. The company should recognize

1K) A company purchased a tract of land for its natural resources at a cost of $1,656,800. It expects to mine 2,060,000 tons of ore from this land. The salvage value of the land is expected to be $256,000. The depletion expense per ton of ore is