Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help on Depreciation expense, boxes in red Date Account Tities and Explanation Debit Credit 3/31/2022 Other Operating Expenses 100 Cash 100 3/31/2022 Unearned Service

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
need help on Depreciation expense, boxes in red
Date Account Tities and Explanation Debit Credit 3/31/2022 Other Operating Expenses 100 Cash 100 3/31/2022 Unearned Service Revenue 1400 Service Revenue 1400 3/31/2022 Bad Debt Expense 1380 1380 Allowance for Doubtful Accounts 310 3/31/2022 Depreciation Expense 310 Accumulated Depreciation-Equipment 800 3/31/2022 Depreciation Expense esti 3/31/2022 800 Depreciation Expense 800 Accumulated Depreciation-Buildings 3/31/2022 75 Amortization Expense 75 Patents 21521 3/31/2022 Income Tax Expense 21521 Income Taxes Payable e Textbook and Media List of Accounts Attempts: 1 of 3 used Post entries related to bank reconciliation and all adjusting entries. (Post entrles in the order presented in the previous part. Round answers to decimal places, eg. 5,275.) Cash Bal. 22,700 Feb. 1 2.750 Feb. 1 8,400 Mar. 1 9,000 Mar. 29 163,000 Mar. 29 16,320 Mar. 31 1.900 Mar. 29 95,500 Mar. 31 Adj. 100 Bal 72330 Accounts Receivable Bal. 163.000 22,800 Mar. 29 200 Mar. 28 170,000 Mar. 31 Bal. 29600 Allowance for Doubtful Accounts Mar. 31 200 Bal. 1,500 Mar 31 Adj. 1380 Bal 2680 Equipment Bal. 15,000 Mar. 31 13,000 Feb. 1 9.000 Bal. 11000 Accumulated Depreciation-Equipment Accumulated Depreciation-Equipment Mar. 31 10,200 Bal. 10,000 Mar. 31 600 Mar. 31 Adj. 310 Bal. 710 Land Bal. 20,000 Bal 20000 Buildings Bal. 109,000 Buildings Bal 109,000 Bal 109000 Accumulated Depreciation-Buildings Bal. 10,000 Mar. 31 Adj. 800 Bal 10800 Patents Mar. 1 9.000 Mar. 31 Adj. 75 Bal 8925 Patents Mar. 1 9,000 Mar. 31 Ad 75 Bal. 8925 Accounts Payable Mar. 29 16,320 Bal. 12,320 Feb. 1 6,250 Bal. 2250 Unearned Service Revenue 8,400 Feb. 1 1400 Mar 31 Adj. Bal 7000 Unearned Service Revenue Mar. 31 Adj. 1400 Feb. 1 8,400 Bal. 7000 Income Taxes Payable Mar. 31 Adi. 21521 Bal 21521 Common Stock Bal. 83,000 83,000 Retained Earnings RELT EGET Bal. 72,680 72,680 Service Revenue Mar. 28 170,000 IT Mar. 31 Adj. 1400 Bal 171400 Other Operating Expenses Mar. 29 95,500 Mar. 31 Adi 100 Bal 95600 Depreciation Expense Mar. 31 600 Mar. 31 Adi 1110 11 Bat 95600 Loss on Disposal of Plant Assets Mar. 31 900 900 Amortization Expense Mar. 31 Adj. 75

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Guide To Accountancy

Authors: Ajit Kumar Chattopadhyay, Amalendu Mukhopadhyay

1st Edition

1642874264, 9781642874266

More Books

Students also viewed these Accounting questions

Question

List and describe three behavioral leadership theories.

Answered: 1 week ago