How to choose th... ba Our 25 Most Popu... ba Crispy Ch assignment 4 (Ch 8 & 9) Saved 1 Stacey Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2021, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2020 $59,800 33,000 30 points In early January 2021, the following expenditures were incurred for repairs and maintenance: 8 comes Routine maintenance and repairs on the equipment Major overhaul of the equipment 5 900 11,000 The equipment is being depreciated on a straight-line basis over an estimated life of 10 years, with a $4.800 estimated residual value. The company's fiscal year ends on December 31 Required: Calculate the depreciation expense for the manufacturing equipment for 2020. Deprecationespene 5.500) 2. Prepare the journal entries to record the two expenditures that occurred during 2021. no entry is required for a transaction event, select "No journal entry required in the first account field) View bram Bol No Transaction General Journal Debt Credit Repen Caus 900 100 2 Een CA 11.000 11.000 1 1 2. Prepare the journal entries to record the two expenditures that occurred during 2021. (no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction at View jumal entry worksheet 30 points NS Transaction General Journal Dab + Credit Real expense Cash 200 200 2 Equipment Cash 11,000 11.000 3. Prepare the adjusting entry at December 31 2021, to record the depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value of the equipment. If na entry is required for a transaction event, select "No journal entry required in the first account field.) 30 3 View many wheel Transaction Dab Credit Decal Journal Depreciation Accumulate depreciation open 250 250 4. Indicate the accounts affected and the amount of the effects of the journal entries you prepared for() to (3) on the accounting equation (Enter any decreases to account balances with a minus sign.) Lihat Dec 31, 2020 During 2011 5,000 so Shareholders Equity 0 - Depreciation expense olpar expense + 5.000 900 - . De 1.2001 Depren pense