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Just need help on the last part, thanks! a) Your Answer Correct Answer Prepare the journal entries to record depreciation expense for 2020 and correct
Just need help on the last part, thanks!
a) Your Answer Correct Answer Prepare the journal entries to record depreciation expense for 2020 and correct any errors made to date related to the information provided. (Ignore taxes.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit Depreciation Expense 14,700 Accumulated Depreciation Equipment 14,700 Depreciation Expense 18,900 Accumulated Depreciation-Buildings 18,900 Depreciation Expense 14,000 Accumulated Depreciation-Machinery 14,000 (To record current year depreciation.) Accumulated Depreciation-Machinery 3,375 Retained Earnings 3,375 (To correct prior year depreciation.) Show comparative net income for 2019 and 2020. Income before depreciation expense was $280,000 in 2020, and was $290,000 in 2019. (Ignore taxes.) WINDSOR COMPANY Comparative Income Statements For the Years 2020 and 2019 2020 2019 Income before depreciation expense $ Depreciation expense Net income e Textbook and Media List of Accounts Attempts: 0 of 3 used Save for Later Submit Answer Send to GradebookStep by Step Solution
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