Question
Hello, I'm having trouble adjusting these accounts for the trial balance. I would appreciate it if the math formula for each was one of these
Hello, I'm having trouble adjusting these accounts for the trial balance. I would appreciate it if the math formula for each was one of these was provided for me. WILL RATE For example: Prepaid Insurance (2,100 x 3/12) = 525 is the adjustment. Homework takes place on March 31, 2022. A. Depreciation for computer equipment: (Straight Line Method) Salvage or Residual Value $ 900. Useful Life - 3 years. (Refer to General Ledger Trial Balance to see the ending balance of the Computer Equipment account before adjustment) (Round to the nearest dollar) Note: Depreciation is for only one month. The beginning Blance of Computer equipment is: 4,500 B. Depreciation for Furniture and Fixtures: (Straight Line Method) - Salvage or Residual Value $0. Useful Life - 5 years. (Round to the nearest dollar) Note: Depreciation is for only one month. The beginning Balance of Furniture and Fixture is: 7,500 C. Depreciation for the Automobile: (Straight Line Method) - Salvage or Residual Value $0. Useful Life - 5 years. (Round to the nearest dollar) Note: Depreciation is for only one month The beginning Balance of Automobile is 36,000 D.Rent was paid for three months on Feb 28, 2022 (It covers March-2022, April-2022 and May-2022). Adjust only one month's rent. (Refer to General Ledger Trial Balance to see the ending balance of the Prepaid Account before adjustment) The Begining Balance of Prepaid rent is 2,250
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