Question 29 3 25 pts An architecture form earned $2 000 for architecture services provided with the fee to be paid in the future Wong entry is made this would cause revenues to be overstated net income to be overstated Nabilities to be understated revenues to be understated Question 30 3 25 pts The Captain America Company purchased equipment for $15 000 on December 1 It is estimated that ANNUAL depreciation on the computer will be $3,000 If hinancial statements are to be prepared on December 31, the company should make the following adjusting entry debit Depreciation Expense $3,000, credit Accumulated Depreciation, $3 000, debit Depreciation Expense, $250 credit Accumulated Depreciation, $250 debit Depreciation Expense, $12,000, credit Accumulated Depreciation, $12,000 debit Equipment $15,000 credit Accumulated Depreciation, $15,000 MacBook Air

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Question 29 3 25 pts An architecture form earned $2 000 for architecture services provided with the fee to be paid in the future  Wong entry is made this would cause revenues to be overstated  net income to be overstated Nabilities to be understated revenues to be understated Question 30 3 25 pts The Captain America Company purchased equipment for $15 000 on December 1  It is estimated that ANNUAL depreciation on the computer will be $3,000  If hinancial statements are to be prepared on December 31, the company should make the following adjusting entry  debit Depreciation Expense  $3,000, credit Accumulated Depreciation, $3 000, debit Depreciation Expense, $250  credit Accumulated Depreciation, $250  debit Depreciation Expense, $12,000, credit Accumulated Depreciation, $12,000  debit Equipment  $15,000  credit Accumulated Depreciation, $15,000  MacBook Air

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Question 29 3.25 pts An architecture form earned $2.000 for architecture services provided with the fee to be paid in the future. Wong entry is

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