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journalize The following transactions 1. The company depreciate the vehicle at 20% straight line. A full years depreciation is charged in the year of purchase
journalize The following transactions 1. The company depreciate the vehicle at 20% straight line. A full years depreciation is charged in the year of purchase and none in the year of disposal. 2. The insurance expense is relevant for 4 years. 3. Accrued but unpaid employee salaries were 2,000 SR. 4. Alhamoud has a bank deposit in which it receives an interest income of 200 SR per month. At year-end, it is found that Alhamoud received 2,000 SR in total.
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