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C. On September 1, a desktop computer was purchased on credit totaling $975. The estimated useful life of the computer is five (5) years and

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C. On September 1, a desktop computer was purchased on credit totaling $975. The estimated useful life of the computer is five (5) years and is expected to have no salvage value. The invoice terms were 2/10, net 30. 3. CREATE ADJUSTING JOURNAL ENTRIES FOR SEPTEMBER 31, 2018: o. Record the depreciation for the laptop purchased on September 1. p. Record the September 2018 depreciation for all computers & software owned before th September 1 purchase. These items are being depreciated over 5 years using the straigh line method with no salvage value. q. Record the September 2018 depreciation for the furniture & fixtures. These items are bein depreciated over 7 years using the stra ight-line method with no salvage value. r. Record the adjusting entry for September's rent. Sunflower Designs paid $3,600 in advance for 6 months' rent on June 1, 2018. All previous months' adjusting entries were made as required. s. Record the adjusting entry for the consumption of prepaid insurance for the month of September. The preexisting policy has 42 months remaining as of September 1, and recall that the new policy provides coverage for 24-months. The previous months' adjusting entries were made as required. t. Record the amount due to an employee for time worked during September, but not paid. The amount earned by the employee was $3,416. C. On September 1, a desktop computer was purchased on credit totaling $975. The estimated useful life of the computer is five (5) years and is expected to have no salvage value. The invoice terms were 2/10, net 30. 3. CREATE ADJUSTING JOURNAL ENTRIES FOR SEPTEMBER 31, 2018: o. Record the depreciation for the laptop purchased on September 1. p. Record the September 2018 depreciation for all computers & software owned before th September 1 purchase. These items are being depreciated over 5 years using the straigh line method with no salvage value. q. Record the September 2018 depreciation for the furniture & fixtures. These items are bein depreciated over 7 years using the stra ight-line method with no salvage value. r. Record the adjusting entry for September's rent. Sunflower Designs paid $3,600 in advance for 6 months' rent on June 1, 2018. All previous months' adjusting entries were made as required. s. Record the adjusting entry for the consumption of prepaid insurance for the month of September. The preexisting policy has 42 months remaining as of September 1, and recall that the new policy provides coverage for 24-months. The previous months' adjusting entries were made as required. t. Record the amount due to an employee for time worked during September, but not paid. The amount earned by the employee was $3,416

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