Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone explain to me how the answer amounts to 3 0 4 9 . 2 $ Adjustments This entry screen is read-only Adjustment Credit

Can someone explain to me how the answer amounts to 3049.2$
image text in transcribed

Adjustments This entry screen is read-only Adjustment Credit Climbing Equipment Depreciation Reference: c Date: 1000 Assets 2020-12-31 1100 1200 1250 1260 1300 1320 1340 Account Name A CCOuntS receivable Federal sales tax receivable Provincial sales tax receivable til Credit 97.009.91 coo 599 1310 23.906_35 540.00 1.89800 Climbing equipment is depreciated using the accelerated depreciation method, at a rate of 20.0% (the only acquisition of the year was made on 2020-12-15 for an amount of $2,952.00). 1500 1510 1610 2000 2005 2010 2015 2025 2120 2130 2135 2140 2145 1 Merch an dise inven torv supplie s Prepaid insurance Computer eq uipm en t A ulated depreciation Climbing Equipme nt A ulated depreciation Liabilities ACCOImtS payable Payroll taxes payable Federal tax payable Provincial tax payable Federal sales tax payable Computer equipment Climbing equipment 7.55296 1.30000 17.95200 4.87500 ooo Provincial sales tax payable Employee benefits payable Wages payable Interest payable 287.02 Next 224.64 1.56382 3.04920 154.65 20105 278.37 46.39 866.04 1.18373

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

3rd Edition

0978727932, 978-0978727932

More Books

Students also viewed these Accounting questions

Question

=+b) Would the consultants information be useful? Explain.

Answered: 1 week ago

Question

What types of questions would make up a behavioral interview?

Answered: 1 week ago