The machinery account balance at 1 July 2021 was $90 720, the accumulated depreciation $27 210 and

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The machinery account balance at 1 July 2021 was $90 720, the accumulated depreciation $27 210 and the annual depreciation expense for the coming year $10 884. Prepare:

• the monthly standing journal for July 2021

• an income statement and balance sheet for the end of July 2021, and

• a balance sheet as at 30 June 2022.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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The machinery account balance at 1 July 2021 was $90 720, the accumulated depreciation $27 210 and

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Machinery Depreciation and Financial Statements Scenario Machinery balance at July 1 2021 90720 Accu...View the full answer

Accounting An Introduction To Principles And Practice

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