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Please help! Exercise 10! Exercise#10-PREPAID EXPENSES: Darting Inc. P on January 1, 2018. The user Instructions: A. Record the journal entry for the B. What

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Exercise#10-PREPAID EXPENSES: Darting Inc. P on January 1, 2018. The user Instructions: A. Record the journal entry for the B. What is the adjusting entry to uary 1, 2018. The useful life of the computer system is 5 years ENSES: Darting Inc. purchased a computer system for $7,200 une journal entry for the purchase of the asset - Equipment - Computer. the adjusting entry to record the January 31 monthly depreciation expense using the straight-line method of depreciation? . What is the book value of the computer system at March 31, 2010 Balance Sheet (partial) March 31, 2018 Property, Plant and Equipment Historical Cost of Equipment - Computer $7,200 Less: Accumulated Depreciation $_100 Equipment, Net (Book Value) $ Exercise#11 -UNEARNED REVENUES: January 1, 2018, LTL Inc. received a $5,000 advance from a customer for future work. LTL completed $2,000 of the work by Janu 31. Instructions: Prepare the original and the adjusting journal entries. What is the ending balance in Unearned Service Revenue account as of January 31, 2018? 300 Homework#12-ACCRUED REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc repairs, cleans, and stores boats for customers. They are preparing monthly finan statements for November 30, 2018 using accrual accounting. On November 30, th Ward cleaned three boats but did not record the service fees of $33,300, paid $2,40 or a radio ad to air in January 2019, the inventory count showed usage of $18,900 upplies, and wage expenses were $4,000. Count Title 31-Dec-181 IS Debit O L Credit 1200 - 50 Recognized Insurance expensed due to passage of time Exercise #10: Darting Inc. Depreciation Date Account Title 1-Jan-18 Equipment - Computer Cash Purchased computer for cash. Debit 7,200 Credit 7,200 Account Title Date 31-Jan-18 Debit Credit Depreciation Expense. 4 WD

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