FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adjusting entry: On 30 April 2021, Design Thinking Pty Ltd purchased new office equipment for $60,000 to use in running online training events. The depreciation

Adjusting entry: On 30 April 2021, Design Thinking Pty Ltd purchased new office equipment for $60,000 to use in running online training events. The depreciation charge for the office equipment is $12,000 per year. Instructions: Record the adjusting entry for the year ending 31 August 2021 by selecting the correct accounts and amounts that are debited and credited.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 21 - Cash From Operations Cons

Sound Investing, Chapter 21 - Cash From Operations Cons

Authors: Kate Mooney

1st Edition

0071719431, 9780071719438

More Books

Students also viewed these Accounting questions

Question

★★★★★
Let S be the event that a randomly chosen female aged 1824 is a smoker. Let C be the event that a randomly chosen female aged 1824 is a Caucasian. Given P(S) = .246, P(C) = .830, and P(S C) = .232,...

Answered: 1 week ago

Question

★★★★★
Why do companies often accrue payroll expenses?

Answered: 1 week ago

Question

★★★★★
A store opens at 8 A.M. From 8 until 10 A.M. customers arrive at a Poisson rate of four an hour. Between 10 A.M. and 12 P.M. they arrive at a Poisson rate of eight an hour. From 12 P.M. to 2 P.M. the...

Answered: 1 week ago

Question

★★★★★
Aretail store in Des Moines, Iowa, receives shipments of a particular product from Kansas City and Minneapolis. Let x = units of product received from Kansas City y = units of product received from...

Answered: 1 week ago

Question

★★★★★
Lukes Lubricants winess on January 1. The following operations data are available for January for the one lubricant it produces ning very Startliny Ending winter complete 165.000 14. w Costs incurred...

Answered: 1 week ago

Question

★★★★★
P6-16 (similar to) Question Help Callable bond. Corso Books has just sold a callable bond. It is a thirty-year semiannual bond with an annual coupon rate of 8% and $5,000 par value. The issuer,...

Answered: 1 week ago

Question

★★★★★
Jan's electric bill is averaging $12 per day mostly due to the air conditioner. By setting the AC to a higher temperature, closing curtains to block sunlight, and using direct-blowing fans for...

Answered: 1 week ago

Question

★★★★★
What stage of human development are you in currently and what are your main challenges/activities? (I AM 24) Reflecting on Erikson's theory of psychosocial development, which stage do you find...

Answered: 1 week ago

Question

★★★★★
Think of a scenario from media you have recently seen that portrayed a traditional sexual script such as courtship, first date, first sexual encounter, long-term relationship, etc. First, briefly...

Answered: 1 week ago

Question

★★★★★
1. What was net operating working capital for 2014 and 2015? 2. What was the 2015 free cash flow? 3. How would you explain the large increase in 2015 dividends? Powell Panther Corporation: Balance...

Answered: 1 week ago

Question

★★★★★
Lobers, Inc., has two investment proposals, which have the following characteristics: PROJECT A PROJECT B PROFIT NET CASH PROFIT NET CASH PERIOD COST AFTER TAXES FLOW COST AFTER TAXES FLOW 0 $9,000 -...

Answered: 1 week ago

Question

★★★★★
What do the CIPP and Brinkerhoff models of evaluation add to what is missing from Kirkpatricks model? What benefit, if any, is there to viewing evaluation in this way?

Answered: 1 week ago

Question

★★★★★
According to the text, what is blended learning? What do you think of this as an approach to training new professional employees?

Answered: 1 week ago

Question

★★★★★
According to Nickols, what is a training stakeholder? What are some important categories of training stakeholders? Why is the notion of multiple stakeholders (or constituencies) important to training...

Answered: 1 week ago

Previous Question Next Question