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What would be the journal entries and the accounts affected for this transaction? The price of the invoice is $3,699.40 and it was purchased on
What would be the journal entries and the accounts affected for this transaction? The price of the invoice is $3,699.40 and it was purchased on account. Do i need to record the depreciation at this time? Is this a fixed asset? Thank you
29 Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and vendor invoice No. 2423 (Doc. No. 18) from Chicago Office Supply. The tablets were received in new and undamaged condition and taken directly to the office. The estimated useful life is 5 years with no salvage value
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