On May 1 your company paid cash of $27,000 for computers that are expected to remain useful
Question:
Make journal entries to record
(a) The purchase of the computers on May 1
(b) Amortization on May 31. Include dates and explanations, and use the following accounts: Computer Equipment, Accumulated Amortization- Computer Equipment, and Amortization Expense-Computer Equipment.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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