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Just a few multiple choice question, please give me the answer as soon as possible. Thank you. Will give you a positive rating without hesitance.
Just a few multiple choice question, please give me the answer as soon as possible. Thank you. Will give you a positive rating without hesitance.
Question 4 Jennifer provided the following information for the year ended 30 September 2019: 1. Vehicle, at cost $360,000 2. Accumulated depreciation of vehicles -$99,900 Depreciation are to be calculated using reducing balance of 15%. During the year ended 31 September 2020, additional transactions involving vehicles took place. These transactions are not recorded by Jennifer in her books. 1. On 30 April 2020, Jennifer sold one motorcycle to a vendor for cash at $9,000. She has purchased the vehicle on 1 October 2018 at the cost of $15,000. 2. On 3 August 2019, Jennifer purchased a van for her father who is not part of her company. She withdrew her personal funds of $15,000 for the purchase. Jennifer's depreciation policy is to charge a full year's depreciation in the year of purchase and no depreciation in the year of sale. What is the adjusted net book value for vehicles for the year ended 30 September 2020? A. $210,247.50 B. $247,350 C. $222,997.5 D. $262,350 E. $261,000 Question 5 A company sold merchandise on credit for $5,000 (cost is $2,400). Identify the journal the transaction would be recorded in. A. Cash disbursements journal. B. Cash receipts journal. C. Purchases journal. D. Sales journal. E. General journalStep by Step Solution
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