a$1)$ The equipment has a salvage value of $$21,696$ and as of January $1$ had an expected remaining life of $10$ years.

The

Describe the effects of this transaction on the accounting equation in terms of debits and credits

Assets

$=,$ Liabilities

Prepare the appropriate journal entry for this transaction

a$2)$ At the end of the period, the company had $$10,959$ of supplies remaining on hand.

Describe the effects of this transaction on the accounting equation in terms of debits and credits

Assets$]$

Liabilities

Prepare the appropriate journal entry for this transaction

a$3)$ The remaining $840$ units of inventory have a net realizable value of $$69\mathrm{.}10$ per unit.

Describe the effects of this transaction on the accounting equation in terms of debits and credits

Assets

$=,$ Liabilities

Equity

$+$

epare the appropriate journal entry for this transaction

Assets

$+,$ Equity

Prepare the appropriate journal entry for this transaction

a$4)$ The company's employees worked $220$ hours in December at an average rate of $$15\mathrm{.}40$ per hour that will be paid on January $10$ of the following year.

Describe the effects of this transaction on the accounting equation in terms of debits and credits

Assets

$=,$ Liabilities

$+,$ Equity

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