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Could i get the adjusting journal entries Adjustments Amount Sold two vehicles for $12,000. The vehicles combined had an original cost of $22,000 and accumulated
Could i get the adjusting journal entries
Adjustments Amount Sold two vehicles for $12,000. The vehicles combined had an original cost of $22,000 and accumulated depreciation of $8,500 at the time of the sale. Depreciation on the showroom/office building and the distribution center building (average life is 10 years, no salvage value, straight line depreciation) Per your calculation Depreciation on the office equipment (average life is 5 years, no salvage value, straight line depreciation) Per your calculation Depreciation on the vehicles (average life is 8 years, no salvage value, straight line depreciation) Per your calculation Depreciation on the new computer Mary's Sunshine wants to use straight-line depreciation with a 3-year life and no salvage value. Per your calculation Accrued interest expense on the mortgage $660.25 Expired insurance (1 year policy) Per your calculation Office supplies remaining $200 Bad Debt Expense .5 % of credit sales 10. Bank Service Charges $55.00 11. Estimate and accrue Corporate Income Tax expense at 15% Per your calculationStep by Step Solution
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