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At December 31, the business prepares adjusting entries for the following transaction prepore journal entries 1 Record ae month's depreciation on the computer which is

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At December 31, the business prepares adjusting entries for the following transaction prepore journal entries 1 Record ae month's depreciation on the computer which is deprecated using the straight line method Assume the computer (purchased Dec 3) is expected to last for 3 years and have $350 residud value (remember you purchased computer on account, & 2000. The computer is expected to remain in service for 3 yrs) 2. Eorced coverite collected $200 of the service in advance on Dec 5. 3. The administrative assistant worked the last 2 weeks in Dec and is owed $885 in wages to be peud Jan 5 (ignore payroll tenes) 4 Record Bad Dext exp. for estimated uncollectible accounts, $3000

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