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Wildhorse Company uses the straight - line method of depreciation. The company's fiscal year end is December 3 1 . The following transactions occurred during
Wildhorse Company uses the straightline method of depreciation. The company's fiscal year end is December The following transactions occurred during
Jan. Purchased equipment from the Indigo Company on account for $ plus sales tax of $ and shipping costs of $
May Paid for $ routine maintenance on the equipment.
Dec. Recorded depreciation on the basis of a year life and estimated salvage value of $
Prepare the necessary entries. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
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