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Company B's December 31 Year-End Balance Sheet reveals the following: . December 31, 2020 net PPE of $865 . December 31, 2020 Accumulated Depreciation of
Company B's December 31 Year-End Balance Sheet reveals the following: . December 31, 2020 net PPE of $865 . December 31, 2020 Accumulated Depreciation of $250 . December 31, 2021 net PPE of $770 . December 31, 2021 Accumulated Depreciation of $230 . Annual 2021 Depreciation Expense was $100 . During 2021, PPE was purchased for $560; all PPE purchases are made in cash. . During 2021, the gain of the sale of PPE was $20 Question 9 (2.5 points) Saved What is the journal entry Company B recorded to recognize 2021 depreciation expense? Dr. Depreciation Expense $100 Cr. Accumulated Depreciation $100 Dr. Accumulated Depreciation $20 Cr. Depreciation Expense $20 O Dr. Depreciation Expense $20 Cr. Accumulated Depreciation $20 O Dr. Depreciation Expense $100 Cr. PPE $100 Question 10 (2.5 points) Saved What is the journal entry Company B recorded to recognize the purchase of PPE in 2021? Dr. PPE $560 Cr. Cash $560 Dr. PPE $95 Cr. Cash $95 Dr. PPE $115 Cr. Cash $115 Dr. PPE $360 Cr. Cash $360
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