having a hard time on these. quickbooks math reaveled. thank you for your help!
You make adjusting journal entries for the month of January as needed. (Stari with Journal no. Jan21.1.) You carefully consider the following: Math Revealed! used the straight-line method to determine depreciation expense for all office equipment. Monthly depreciation expense for the equipment purchased prior to 12/31 is $91.50. (Computer $75; Printer $10; Calculators $6,50) Math Revealed! purchased $480 of furniture on 1/4. You expect the furniture to last 4 years, with no salvage value. You take a full month depreciation on furniture. Two computers (S756) and three calculators (8441) were also purchased on 1/4. You expect the computers to have a 3-year life (no salvage value) and the calculators to have a 3-year life ($90 salvage value). You take a full month depreciation on the equipment. On 1/29, shelving was installed. The cost of the shelving was $649. You expect the shelving to last for the term of the lease (24 months). You estimate the salvage value at S49 at the end of the 2 years. You started using the shelving on February 1. 2021 Cambridge Business Publishers You make adjusting journal entries for the month of January as needed. (Stari with Journal no. Jan21.1.) You carefully consider the following: Math Revealed! used the straight-line method to determine depreciation expense for all office equipment. Monthly depreciation expense for the equipment purchased prior to 12/31 is $91.50. (Computer $75; Printer $10; Calculators $6,50) Math Revealed! purchased $480 of furniture on 1/4. You expect the furniture to last 4 years, with no salvage value. You take a full month depreciation on furniture. Two computers (S756) and three calculators (8441) were also purchased on 1/4. You expect the computers to have a 3-year life (no salvage value) and the calculators to have a 3-year life ($90 salvage value). You take a full month depreciation on the equipment. On 1/29, shelving was installed. The cost of the shelving was $649. You expect the shelving to last for the term of the lease (24 months). You estimate the salvage value at S49 at the end of the 2 years. You started using the shelving on February 1. 2021 Cambridge Business Publishers