Financial Accounting (12th Edition) (What's New in Accounting)
12th Edition
ISBN: 9780134725987
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 3.8S
LO 3
(Learning Objective 3: Adjust the accounts for
- 1. Make
journal entries to record (a) the purchase of the equipment on January 1 and (b) annual depreciation on December 31. Include dates and explanations, and use the following accounts: Equipment,Accumulated Depreciation —Equipment, and Depreciation Expense—Equipment. - 2. Post to the accounts and show their balances at December 31.
- 3. What is the equipment s book value at December 31?
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Chapter 3 Solutions
Financial Accounting (12th Edition) (What's New in Accounting)
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