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Adiusting Entrv Information for 1 2 3 1 ? 1 6 : a . Record depreciation on the office equipment purchased mid - year in
Adiusting Entrv Information for :
a Record depreciation on the office equipment purchased midyear in using the straight line method. Office equipment cost is residual value is and useful life is years.
b Record depreciation on the store equipment purchased midvear in using the straight line method. Store equipment cost is residual value is and useful life is years.
c Record depreciation on the shop equipment purchased midyear in using the straight line method. Shop equipment cost is residual value is and useful life is years.
d A physical inventory count of the merchandise inventory reveals inventory of $
e It is determined through a physcial count that $ of office supplies has been used throughout the year.
f Salaries need to be accrued:
Sales Salaries $
Service Salaries $
Office Salaries $
g It is determined through a review of company insurance policies and payments that $ of insurance has been used throughout the year.
h Interest on the note payable needs to be accrued. The note has a year term, was signed on April and has an annual interest rate of
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