Before Adjustment Given: At year end, depreciation on Equipment is $1,300. 1. Which of these three T

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Before Adjustment

Given: At year end, depreciation on Equipment is $1,300.

1. Which of these three T accounts is not affected?

2. Which account is a contra-asset?

3. Complete a transaction analysis chart for this adjustment.

4. What will be the balance of these three accounts on the adjusted trial balance?

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 10:16 AM

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Before Adjustment Given: At year end, depreciation on Equipment is $1,300. 1. Which of these three T

Question:

Equip. Асс. Dep., Equip. Dep. Exp., Equip. 10,600 500

Step by Step Answer:

1 Equipment 2 Acc Depr Equipment 3 1 Accounts Affect...View the full answer

College Accounting A Practical Approach

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