Question
I wanted some help with posting these numbers/amounts to the general journal, general ledger, and the trial balance. The first transaction is on depreciation. The
I wanted some help with posting these numbers/amounts to the general journal, general ledger, and the trial balance.
The first transaction is on depreciation. The depreciation for the year is $70,000 and we need to post that amount for the second, third, and fourth quarter. the calculation = 250,000 - 40,000 / 3
A) what will the general journal and general ledger look like if we post the 70,000 for each quarter? do I divide by 4? and how do you post it to the trial balance?
and then impairment on goodwill is the Carrying value - fair value which is = 26,042,139 - 15,000,000. impairment is equal to $11,042,139
B) what will the general journal and general ledger look like if we posted the impairment for each quarter? please be specific. Thank you!
Account | Change for qr ending June 30, 2020 | Change for qr ending sept 30, 2020 | Change for qr ending Dec 31, 2020 | Adjusting entry(if needed) |
Goodwill and impairment | ||||
depreciation and depreciation expense | ||||
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