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Blossom Productions Corp. purchased equipment on March 1 , 2 0 2 4 , for $ 4 9 , 6 0 0 . The company
Blossom Productions Corp. purchased equipment on March for $ The company estimated the equipment would have Your answer is partially correct.
Record all the necessary journal entries for the years ended December and using the following depreciation
methods: List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Round the depreciation rate in
the doublediminishingbalance method to the nearest whole percent, eg Round depreciation per unit in the unitsofproduction
depreciation method to decimal places, eg Round final answers to decimal places, eg
Straightline
Date
Account Titles and Explanation
Depreciation Expense
Accumulated Depreciation Equipment
Depreciation Expense
Debit
Accumulated Depreciation Equipment
Credit
To record depreciation expenseTo record depreciation expense
I
To record the sale of equipment
Doublediminishingbalance
Date
Account Titles and Explanation
Debit
Credit
Credit
To record depreciation expense
To record the sale of equipment
Unitsofproduction
Unitsofproduction
Date
Account Titles and Explanation
Debit
Credit
To record depreciation expense
I
To record depreciation expense
To record depreciation expense
rfloor
To record the sale of equipment
eTextbook and Media
a useful life of three years and produce units, with a residual value of $ During the equipment produced
units. On November the equipment was sold for $ and had produced units that year.
a
Record all the necessary journal entries for the years ended December and using the following depreciation
methods: List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Round the depreciation rate in
the doublediminishingbalance method to the nearest whole percent, eg Round depreciation per unit in the unitsofproduction
depreciation method to decimal places, eg Round final answers to decimal places, eg
Straightline
Date
Account Titles and Explanation
Debit
Credit
To record depreciation expense
To record depreciation expense
To record depreciation expense
To record depreciation expense
To record the sale of equipmentPlease complete the question. Cullumber Productions Corp. purchased equipment on March for $ The company estimated the equipment would have a useful life of three years and produce units, with a residual value of $ During the equipment produced units. On November the equipment was sold for $ and had produced units that year.
NOTE: Please clarify enteries as per pictures attached, in the last answer I am not able to identify the enteries. Thank you
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