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a 1 ) The equipment has a salvage value of $ 2 1 , 6 9 6 and as of January 1 had an expected
a The equipment has a salvage value of $ and as of January had an expected remaining life of years.
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 At the end of the period, the company had $ 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 The remaining units of inventory have a net realizable value of $ 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 The company's employees worked hours in December at an average rate of $ per hour that will be paid on January of the following year.
Describe the effects of this transaction on the accounting equation in terms of debits and credits
Assets
Liabilities
Equity
Prepare the appropriate journal entry for this transaction
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