m#3-Pretest 1 Book Hint eferences EMI Info-Emerge Plandemic 2 Required Information. [The following information applies to the questions displayed below] On April 1, Cyclone Company purchases a trencher for $312.000. The machine is expected to last five years and have a salvage value of $56,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method. Choose Numerators Choose Denominator: Annual Depreciation Annual depreciation Tear Annual Depreciation Fraction of Year Depreciation Expense First year Second year Exam 23-Protest O 2 Diaz Company owns a machine that cost $125,400 and has accumulated deprecation of $91,200 Preps they disposal of the machine on January 1 in each separate situation The machine needed extensive repairs and was not worth reparing Diaz disposed of the machine, recesing noong in retum 2. Diaz sold the machine for $16.900 ca 3. Diaz sold the machine for $34,200 coch 4. Diaz sold the machine for $41,000 cash Journal entry worksheet 3 Record the disposal of the machine receiving nothing in return Cla Det Cell 3 Required information (the foowing information as to the questions asplayed bein at year-end December 31. Chan Company estimates bad debts as 0.40% of as anus cr records as bad debts expense for that estate On the towing February 1, Chan decides that the Park is uncolectie and wines off as a bad debt. On June 5 Fark unexpectedly pays the amount Prepare Chans uma entes to record the transactions of December 21 February and June 5 Journal entry worksheet Canseral Journal Fan 3 Pre 4 De Jenery Wes Company begins the accoung pendwa $48.000 crede balance in Awance for DA On February 1, the company determined that $10.400 user accounts w Company and $7700 Books Company Prepare the journal entry to write off those two acc me company unexpecty received a $2300 payment on a customer account key Comp parta Prepare the arts to reinstate the account a Journal entry worksheet lete specficely $2,700 for Oakley Company and $7,700 for Bikes Company Prepare the oral entry General Joune ante off the two aunts 5 Levme Company uses the perpetual eritas erchandise for 3, April 12, memory system (that had at 33,) and accepted the customer's suntrust es ces that fat cost $4,147) and accepted the customer's continental can Prepare journal emens to record the above credit card transactions of Levine Company (Round your answers dollar amount.) Journal entry worksheet < 4 Sold merchandise for $5,400 and accepted the customer's Suntrust Bank Cand Suntrat charges a fe General Journal The Crea Ap Cleary Exam #1 Prest 6 On December 1, Daw Company accepts a $38.000, 45 dey, 10% note from a customer Prepare the year-end adjusting entry to record accrued interest revenue on December 31 (2) Prepace the entry requered on the noter's matury dote assuming it is honored (Use 360 deyse year Journal entry worksheet 2 Record the year-end adjustment related to the note, if any Elate December 11 General Journal Desd Chel Chaty tomheducation.com/est/map/index.html.com conexternal browser=0&launch-http%253A%252F%252Flms.mhedication client-252 prodlewan252mheproducts MyWorkyVanor Newtube RE-CERT-EMT DMT-KORESHER IMT into Emeron de Nana P Apex gi NASM Seving car 7 Copy raw and abuting Land 2.000 11 7 C Journal entry worksheet 0000 ban 43-Pete 00 8 PASTIFI Required information (The towing nation apples to the quan duplayed new Tech purchases computer eonent for $271000 so une in opening acnes for the next our the soupment's salvage value at $25,000 Preparate howing deprecation and book value for each of the four years sung ge THES Expe Depres Exam 3 Protest 9 Required information The following information apples to the questions displayed below NewTech purchases computer equipment for $271,000 to use in operating activities for the next four years t the equipment's salvage value at $25,000 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreca (Enter all amounts as positive values Deprecation for the Peo THEY feginning Ya Book V Depreciation Wate Accumed Depreciation Depreciation Year End Book Value Vear 1 Ther 2 Year 3 Year 4 Total Even F1-Pretet 10 10 D Apes Chescation for a machine costing $20,000, with a being of the met year, Apes determines that the mechine has three more years alvage vue 1 Compute the r th's book value at the end of its second year reach s four year ife and a $2.300 of remaining set site, after wh Required 2 10 Petest0 BO Apex Fitness Club uses straight-trie deprecation for a machine costing $20.050. win an estimated four year ide end a $2.300 value. At the beginning of the had year Apex determines that the machine has three more years of remaining usetur ite wis have an estimated $1,250 selvage value 1. Comp the machine's book value at the end of as second year 2. Compute the amount of depreciation for each of the final three years given the revised estimates Complete this question by entering your answers in the tabs below. 0 Compute the amount of depreciation for each of the final three years given the revised estimates. (Do not ulations. Round your answers to the nearest while do Tews 3.4 Reta de 35 Explanation 11 Required information [The flowing inbouton apples me questions dsb) Dawy Company sred the following aging of recerusbles analyser m Compete the table below to calculate the estimated balance of Allowance for Doublur Accours using aging of accoun receivable Prepare the ating enry to record bad dates expense using the estimate tom part Assume the unadject Allowance for Dout Accounts is a $5300 cred Prepere the susting entry to record bad debts expense using the estimate fon panta Assane the inausted belence in the Allowance for Doutnu Accounts $1,600 Complete this question by entering your answers in the tabs below Complete the table bow to caluate the estimated balance of lowance for Doubtful Accounting of s becounts Ext N Rand C > Journal entry worksheet P 12 checks Check Gano Canc The 30- 30 June 30 $20 d checks, was comedy drawn for in payment at a aded to Us Expense and at C Png the above i De 13 NASM MyWay Nite -CERT-EMT IMT-ROSE The An Check Journal entry worksheet My Exege