Question
Prepare the appropriate journal entry for this transaction al) The equipment has a salvage value of $21 ,696 and as of January I had an
Prepare the appropriate journal entry for this transaction
al) The equipment has a salvage value of $21 ,696 and as of January I had an expected remaining life of 10 years. Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets Liabilities Prepare the appropriate journal entry for this transaction Account Name Debit Credit a2) At the end of the period, the company had $10,959 of supplies remaining on hand. Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets Liabilities Prepare the appropriate journal entry for this transaction Account Name Debit Credit a3) The remaining 840 units of inventory have a net realizable value of $69.10 per unit. Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets Liabilities Equity Equity Equity Prepare the appropriate journal entry for this transaction Account Name Debit Credit a4) The company's employees worked 220 hours in December at an average rate of $15.40 per hour that will be paid on January 10 of the followin: Describe the effects of this transaction on the accounting equation in terms of debits and credits Assets Liabilities Equity Prepare the appropriate journal entry for this transaction Account Name Debit Credit
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