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Ayayai Corp. uses the straight - line method of depreciation. The company's fiscal year end is December 3 1 . The following transactions occurred during
Ayayai Corp. uses the straightline method of depreciation. The company's fiscal year end is December The following transactions occurred during Jan. Purchased equipment from the Whispering Winds Corp. for $ plus sales tax of $ and shipping costs of May Incurred $ routine maintenance on the equipment. Dec. Recorded depreciation on the basis of a year life and estimated salvage value of $ Prepare the necessary entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit
Ayayai Corp. uses the straightline method of depreciation. The company's fiscal year end is December The following transactions occurred during
Jan. Purchased equipment from the Whispering Winds Corp. for $ plus sales tax of $ and shipping costs of
May Incurred $ routine maintenance on the equipment.
Dec. Recorded depreciation on the basis of a year life and estimated salvage value of $
Prepare the necessary entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
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