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it doesnt have that information this is all of part A ry Website MyCentenary Portal Password Reset English - United States (en_us) b. Using the
it doesnt have that information this is all of part A ry Website MyCentenary Portal Password Reset English - United States (en_us) b. Using the Units-of-Production Method of Depreciation, determine the machine's first second and third year Depreciation Expense on the Income Statement and Accumulated Depreciation and Net Book Value on the Balance Sheet. During its first year, the machine produced 5,000 units of product its second year, 9,000 units, and its third year, 7,000 units. Accumulated Depreciation Expense Depreciation Purchase Net Book Value Year 1 Year 2 Year For Year 2, the Income Statement will reflect Depreciation Expense of $ For Year 2 the Balance Sheet will reflect Equipment of $ less Accumulated Depreciation of $ equals Net Book Value of $ 2. As of Dec 31, 2019, Company ABC reports the following results for the year. Cash Sales $1,500,000 Credit Sales $1,000,000 Accounts Receivable $500,000 debit balance Allowance for Doubtful Accounts $3,500 credit balance a) Prepare the adjusting entry to recognize bad debts assuming bad debts are estimated to be 2% of total sales. Then show how Accounts Receivable and the Allowance for Doubtful Accounts appear on the Dec 31,2019 Balance Sheet Adjusting Entry is: Debit Credit Balance Sheet Current Assets: Accounts Receivable Less Allowance for Doubtful Accounts
this is all of part A
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