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2 Equipment costing $71,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $14,200 per year. Prepare the
2 Equipment costing $71,000 was purchased at the beginning of the year for cash. Depreciation on the equipment is $14,200 per year. Prepare the necessary adjusting entry on December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Accumulated depreciation 14,200 Equipment Record entry Clear entry View general journal
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
