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need a journal entry for each question! for a thumps up Straight-line depreciation on the office equipment, assuming a 5-year life and a $3,300 salvage
need a journal entry for each question! for a thumps up
Straight-line depreciation on the office equipment, assuming a 5-year life and a $3,300 salvage value, is $130 per month. Prepare the required adjusting entry, if any.
Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $10,400 salvage value, is $1,400 per month. Prepare the required adjusting entry, if any.
Straight-line depreciation on the building, assuming a 25-year life and a $11,500 salvage value, is $130 per month. Prepare the required adjusting entry, if any.
The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. Prepare the required adjusting entry, if any.
Accrued interest on the long-term note payable is $110. Prepare the required adjusting entry, if any.
The drafting assistant is paid $2,000 for a 5-day work week. 2 days' wages have been incurred but are unpaid as of month-end. Prepare the required adjusting entry, if any.
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