Rubber Ducky developed an app for customers to download for the Rubber Ducky toy. With this app,
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Rubber Ducky developed an app for customers to download for the Rubber Ducky toy. With this app, the company was able to add lots of new and different data to its data warehouse. A new hire in the IS department said this could cause privacy concerns. Do you agree or disagree with the new IS hire about privacy concerns?
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Guilda Bell Associates surveys American eating habits. The company's accounts include Land, Buildings. Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each asset. During 2016, Guilda Bell completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Guilda Bell Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: Purchased office equipment, $113,000. Paid $84,000 cash and financed the remaining with a note payable. (Record a single compound journal entry.) Accounts and Explanation Date Debit Credit Jan. 1 Apr. 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $370,000 paid in cash. An independent appraisal valued the land at $291,375 and the communication equipment at $97,125. (Record a single compound journal entry.) Date Accounts and Explanation Credit Debit Apr. 1 Sep. 1: Sold a building that cost $570,000 (accumulated depreciation of $285,000 through December 31 of the preceding year). Bell received $420,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $45,000. Before we record the sale of the building, we must record depreciation on the building through September 1, 2016. Accounts and Explanation Debit Credit Date Sep. 1 Now record the sale of the building on September 1. Date Sep. 1 Accounts and Explanation Debit III Credit Dec. 31: Record depreciation on the communication equipment. Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Date Accounts and Explanation Credit Debit Dec. 31 Dec. 31: Record depreciation on the office equipment. Office equipment is depreciated using the double-declining-balance method over five years with a $1,000 residual value. Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Guilda Bell Associates surveys American eating habits. The company's accounts include Land, Buildings. Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each asset. During 2016, Guilda Bell completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Guilda Bell Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: Purchased office equipment, $113,000. Paid $84,000 cash and financed the remaining with a note payable. (Record a single compound journal entry.) Accounts and Explanation Date Debit Credit Jan. 1 Apr. 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $370,000 paid in cash. An independent appraisal valued the land at $291,375 and the communication equipment at $97,125. (Record a single compound journal entry.) Date Accounts and Explanation Credit Debit Apr. 1 Sep. 1: Sold a building that cost $570,000 (accumulated depreciation of $285,000 through December 31 of the preceding year). Bell received $420,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $45,000. Before we record the sale of the building, we must record depreciation on the building through September 1, 2016. Accounts and Explanation Debit Credit Date Sep. 1 Now record the sale of the building on September 1. Date Sep. 1 Accounts and Explanation Debit III Credit Dec. 31: Record depreciation on the communication equipment. Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Date Accounts and Explanation Credit Debit Dec. 31 Dec. 31: Record depreciation on the office equipment. Office equipment is depreciated using the double-declining-balance method over five years with a $1,000 residual value. Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question.
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I agree with the new IS hire about privacy concerns The enormous inflow of personal dat... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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