Question
Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or
Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Land + Buildings - Accum. Depr. - Bldgs. + Equipment - Accum. Depr. - Equip. = + Common Stock + Revenue - Expense - Dividend Bal.
$4,548,000 $26,520,000 $(18,078,300) $(60,640,000) $(7,580,000)
Apr. 1 $(3,335,200) 3,335,200 May 1 (30,320) $(30,320) Depreciation expense
May 1 257,720 (909,600) 667,040 $15,160 Gain on disposal June 1 2,425,600 (1,516,000) 909,600 Gain on disposal
July 1 (1,667,600) 1,667,600 Dec. 31 (106,120) (106,120) Depreciation expense
Dec. 31 (1,061,200) 1,061,200 Depreciation expense
Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount $enter a dollar amount $enter a dollar amount enter a dollar amount enter a dollar amount $enter a dollar amount select an option
Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an option
Bal. | $4,548,000 | $26,520,000 | $(18,078,300) | $(60,640,000) | $(7,580,000) | |||||||||||||||||||
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Apr. 1 | $(3,335,200) | 3,335,200 | ||||||||||||||||||||||
May 1 | (30,320) | $(30,320) | Depreciation expense | |||||||||||||||||||||
May 1 | 257,720 | (909,600) | 667,040 | $15,160 | Gain on disposal | |||||||||||||||||||
June 1 | 2,425,600 | (1,516,000) | 909,600 | Gain on disposal | ||||||||||||||||||||
July 1 | (1,667,600) | 1,667,600 | ||||||||||||||||||||||
Dec. 31 | (106,120) | (106,120) | Depreciation expense | |||||||||||||||||||||
Dec. 31 | (1,061,200) | 1,061,200 | Depreciation expense | |||||||||||||||||||||
Dec. 31 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | $enter a dollar amount | $enter a dollar amount | enter a dollar amount | enter a dollar amount | $enter a dollar amount | select an option |
Dec. 31 | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an option |
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