Question
Q- Kites were acquired and placed in service on June 2016. The unadjusted trial balance shows on Aug 31, 2016 kites $50,000 and the accumulated
Q- Kites were acquired and placed in service on June 2016.
The unadjusted trial balance shows on Aug 31, 2016 kites $50,000 and the accumulated depreciation kites $12,000.Please prepare the adjustment entries. The company uses the stright line depreciation method.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
