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2 questions there. Question C (3 Marks) The Game Shop purchased furniture on January 1, 2023 for $12,000. The furniture will be used for eight
2 questions there.
Question C (3 Marks) The Game Shop purchased furniture on January 1, 2023 for $12,000. The furniture will be used for eight years. The company's year-end is March 31, 2023. REQUIRED: Using the straight-line depreciation method, prepare the general journal entry to record the depreciation for the year ending March 31, 2023. GENERAL JOURNAL DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT Complete on the Excel DATA Sheet Question D (2 Marks) Jim Bean owns a coffee shop called Bean's Company. After closing all revenues and expenses, the Income Summary account had a $33,000 debit balance. REQUIRED: Prepare the general journal entry to close the Income Summary account at the year-end December 31, 2023Step by Step Solution
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