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Please answer the given question as soon as Possible 1) Record the following transactions in the general journal using good form: Nov 1 - cash
Please answer the given question as soon as Possible
1) Record the following transactions in the general journal using good form: Nov 1 - cash register tape shows cash sales of $1,050. Nov 2 - cheque received from C. Campbell for $455 to pay previously issued invoice. Nov 9 - sold merchandise to M. Hope for $299 on account. Nov 10 - cheque received from R. Robert, the owner, for $5,500 as investment into business. Nov 12 - bank credit memo for $15,000 for a bank loan that was deposited into the bank account. Nov 15 - cash sales for $2,280. Nov 18 - cheque received from M Hope for $299 to pay invoice. Nov 30 - owner withdrew $1,200 for personal expenses. 2) Calculate the yearly depreciation for the following four assets using the straight-line method: a) $150,000 piece of equipment expected to last five years with no residual value b) $8,000 piece of equipment expected to last five years with no residual value c) $1,000,000 building expected to last 25 years with $100,000 residual value d) $45,000 vehicle expected to last six years with $8,000 residual value
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