Accounts Payable Accounts Receivable Accumulated Depreciation Buildings Accumulated Depreciation Equipment Accumulated Depreciation Plant Assets Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Bonds Payable Buildings Cash Common Stock Copyrights Cost of Goods Sold Depreciation Expense Discount on Bonds Payable Dividends Equipment Franchise Freight In Gain on Bond Redemption Gain on Disposal of Land Gain on Disposal of Plant Assets Goodwill Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Notes Receivable Office Equipment Other Operating Expenses Patents Plant Assets Premium on Bonds Payable Prepaid Insurance Property Tax Expense Research and Development Expense Revaluation Surplus Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Service Revenue Unearned Service Revenue Website PLEASE USE OPTION LIST ABOVE Ivanhoe Deliveries acquired a truck at a cost of $69,120 on January 1, 2014 The truck is expected to have a salvage value of $8,640 at the end of its 4 year useful life Ivanhoe uses the straight line method Prepare the journal entry to record annual depreciation for 2015 (Credit account titles are automatically indented when amount is entered Do not indent manually ) Account Titles and Explanation Debit Credit

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Posted on Jul 17, 2024

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Plant Assets Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Bonds Payable Buildings

Accounts Payable
Accounts Receivable
Accumulated Depreciation-Buildings
Accumulated Depreciation-Equipment
Accumulated Depreciation-Plant Assets
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Depreciation Expense
Discount on Bonds Payable
Dividends
Equipment
Franchise
Freight-In
Gain on Bond Redemption
Gain on Disposal of Land
Gain on Disposal of Plant Assets
Goodwill
Income Tax Expense
Income Taxes Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Land Improvements
Loss on Disposal of Land
Loss on Disposal of Plant Assets
Maintenance and Repairs Expense
Mortgage Payable
No Entry
Notes Payable
Notes Receivable
Office Equipment
Other Operating Expenses
Patents
Plant Assets
Premium on Bonds Payable
Prepaid Insurance
Property Tax Expense
Research and Development Expense
Revaluation Surplus
Retained Earnings
Salaries and Wages Expense
Salaries and Wages Payable
Sales Revenue
Service Revenue
Unearned Service Revenue
Website
PLEASE USE OPTION LIST ABOVE

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Ivanhoe Deliveries acquired a truck at a cost of $69,120 on January 1, 2014. The truck is expected to have a salvage value of $8,640 at the end of its 4-year useful life. Ivanhoe uses the straight-line method. Prepare the journal entry to record annual depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit