Reord Depreciation Expense for the month, where approriate:

a) assume all long term assets were purchased on August 1 of the year acquired for depreciation calculations

Equipment #1: Date/Year of Purchase is August 1, 2010, Useful Life is 5 years, No Salvage Value, Original Cost is $5000

Equipment #2: Date/Year of Purchase is August 1, 2011, Useful life is 5 years, No Salvage Value, Original Cost is $1000

The Adjusting Trial Balance is for August 31, 2013.

2. Accure interest on Note Payable. The money was borrowed on November 1, 2012 at an interest rate of 7%. Note Payable is $5000

3. The original license cost was paid in full, representing a 12 month period, on July 1, 2013. PrePaid License is $968.

4. Accrue Wage, assuming a 7 day week, at $100 per day. Employees were paid on August 2, 9, 16, 23, 30.