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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

a1) The equipment has a salvage value of $21,696 and as of January 1 had an expected remaining life of 10 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
a2) 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
a3) The remaining 840 units of inventory have a net realizable value of $69.10 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
a4) The company's employees worked 220 hours in December at an average rate of $15.40 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
Prepare the appropriate journal entry for this transaction
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