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answer the following question? 34) The adjusted trial balance on the worksheet shows Accumulated Depreciation, $1,000, and Depreciation Expense, $700. What was the balance in

answer the following question?

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34) The adjusted trial balance on the worksheet shows Accumulated Depreciation, $1,000, and Depreciation Expense, $700. What was the balance in the Accumulated Depreciation account before the adjustment? A) $1,700 B) $300 C) $700 D) $1,000 35) Great Lakes Modeling Agency purchased $800 of scanning equipment at the beginning of the month. This account had no opening balance. Depreciation Expense on this item for the month is $200. What is the balance of the scanning equipment account at the end of the month? A) $600 B) $1,ODD C) $200 D) $800 36) The adjustment for wages earned, but not yet paid is A) Debit Wages Expense, credit Cash. B) Debit Accrued Wages, credit Wages Expense. C) Debit Accrued Wages, credit Cash D) Debit Wages Expense, credit Accrued Wages. 37) Which of the following accounts would most likely NOT need to be adjusted at the end of the year? A] Office Supplies B) Prepaid Rent C) Accumulated Depreciation D) Cash 38) Equipment with a cost of $150,000 has an accumulated depreciation of $50,000. What is the book value of the equipment? A) $150,000 B} $50,000 C) $200,000 D) $100,000 39) Equipment with a cost of $150,000 has an accumulated depreciation of $50,000, and an estimated remaining life of 8 years. What is the annual straight-line depreciation expense for the equipment? A) $12,500 B) $25,000 CJ $50,000 D) $100,000

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