YES HE DOES!
You can tell by the way he looks at her
Answer:
yes
Explanation:
Answer:
Statement of stockholders equity
Explanation:
The statement of stockholder equity involves the common stock, preferred stock if any, treasury stock ,and the retained earnings. The formula to compute the ending balances are shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + preferred stock, if any + issued shares
And we deduct the treasury stock from the overall value that comes.
ACCT 163 - Office Equipment
Debit - 8,000
d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
WHAT IS THE JOURNAL ENTRY FOR D & E????? I have the correct accounts, I just can't figure out the amounts....
d Depreciation expense—Computer equipment
Accumulated depreciation—Computer equipment
e Depreciation expense—Office equipment
Accumulated depreciation—Office equipment
d. The depreciation expense-computer equipment will be debited, and accumulated depreciation will be credited with $5,600.
e. The depreciation expenses-office equipment will be debited, and accumulated depreciation will be credited with $1,600.
Further Explanation:
Depreciation:
Depreciation refers to the allocation of the cost of the physical asset over the useful life of the asset. The depreciation is a non-cash expense of the business. The value of the asset decreases as the business uses the asset for the operating activities. The normal wear and tear in the value of the asset are recorded as the depreciation. The depreciation can be calculated as follows:
Journal entry for the depreciation of computer system and office equipment:
The depreciation expense-computer equipment will be debited, and accumulated depreciation will be credited with $5,600.
The depreciation expenses-office equipment will be debited, and accumulated depreciation will be credited with $1,600.
Working notes:
Calculate the annual deprecation for computer depreciation:
Calculate the annual depreciation on office equipment:
Learn More:
Answer Details:
Grade: Middle school
Chapter: Depreciation
Subject: Accounting
Keywords: computer, system, acquired, October, expected, have, four-year, life, salvage, value, office, equipment, acquired, October 1, five-year life, no, salvage value.
The journal entries to record depreciation expense for computer equipment and office equipment acquired on October 1 are $1,400 for computer equipment and $400 for office equipment, corresponding to three months of depreciation in the first year.
The journal entry to record depreciation for both computer equipment and office equipment on October 1 should include the depreciation expense for the first year of use and the corresponding accumulated depreciation for each asset. To calculate the depreciation expense for the computer system with a cost of $22,400 and a 4-year life, divide the initial cost by the number of years to find the annual depreciation, which is $5,600 (22,400 ÷ 4). Since the equipment was acquired on October 1, only 3 months of depreciation should be recorded for the current year. Therefore, the depreciation expense for the three months is $5,600 ÷ 12 months x 3 months = $1,400.
The office equipment with a cost of $8,000 and a 5-year life, would have an annual depreciation of $1,600 (8,000 ÷ 5). Similarly, only 3 months' worth is considered for the first year, giving a depreciation expense of $1,600 ÷ 12 months x 3 months = $400.
The journal entries would look like this:
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B Missing a credit card payment
C Paying off the full balance
D Cashing in on rewards points
b. franchise agreement
c. partnership contract
d. 4 plan
A Business Plan is what outlines specific information about a proposed idea, including product, location, and marketing information. It is used for starting a business, securing funding, or developing certain projects.
The document that outlines specific information about your proposed idea, including product, location, and marketing information, is termed a Business Plan. This document acts as a roadmap for your business, outlining its objectives, strategies, and financial projections. A business plan helps you to articulate your business concept, evaluate your competition, determine risks, and estimate costs. Consequently, it is an essential tool for starting a business, securing funding, or developing a specific project within an existing business.
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