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QUESTION 3 3 points Save Answer Entity M purchased a new server on January 1, 2023 for $4,500. The company expects the server to last
QUESTION 3 3 points Save Answer Entity M purchased a new server on January 1, 2023 for $4,500. The company expects the server to last three years and uses straight-line depreciation. The server has no salvage value. The entry to record depreciation expense on December 31, 2023 will include: O a credit to Depreciation Expense - Equipment for $1,500 O a credit to Equipment for $1,500 a debit to Equipment Expense for $1,500 O a credit to Accumulated Depreciation - Equipment $1,500. QUESTION 4 3 points Save Answer An annual report would contain all of the following except: Notes to the financial statements. Employee satisfaction survey Auditor's report. Management discussion and analysis section. QUESTION 5 3 points Save Answer Entity G purchased supplies from a vendor on account and recorded the transaction. When Entity G pays for the supplies thirty days later, the entry to record the payment will include a debit to Supplies O a debit to Accounts Payable. O a credit to Accounts Payable. O a debit to Cash
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