For the year ending December 31, 2019, Hogan Manufacturing Company had depreciation totaling $38,000 on its office
Question:
For the year ending December 31, 2019, Hogan Manufacturing Company had depreciation totaling $38,000 on its office equipment. Give the general journal entry to record the adjusting entry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
GENERAL JOURNAL PAGE 42 DATE DESCRIPTION POST RE...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Question Posted:
Students also viewed these Business questions
-
For the year ending December 31, 2016, Carter Manufacturing Company had depreciation totaling $76,000 on its office equipment. Give the general journal entry to record the adjusting entry.
-
The balance sheet of The Office Equipment and Supply Shop after the revenue, expense, and partners' drawing accounts have been closed on December 31, 2016, is provided below. On that date, Rush,...
-
The following information is for Union Express Delivery Service's workers' compensation insurance premiums. On January 15, 2019, the company estimated its premium for workers' compensation insurance...
-
1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...
-
What is the debt to total assets ratio?
-
Using the facts in the previous problem, what is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid? This would result in what type of tax...
-
What is required when necking down foot bolts to eliminate a motor foot that is bolt bound?
-
Charles was always a hands-on type of person. Within a couple of years of graduating from college, he started his own business. After some 20 years, it has grown significantly. He owns and operates...
-
Describe the core elements required within the DSCSA (Drug Supply Chain Security Act) Describe the role of pharmacy benefit managers (PBMs) in the US Healthcare System Explain the overall structure...
-
The balances of the two accounts related to wages at October 31, after adjustments at the end of the first year of operations, are Wages Payable, $11,900, and Wages Expense, $825,000. Determine the...
-
The International Shipping Company incurred the costs below related to a new packing machine: Invoice price of packing machine.................................$95,000 Cash discount for prompt...
-
Hightower Company acquired an asset on January 2, 2019, at a cost of $133,000. The assets useful life is four years and its salvage value is $38,000. Compute the depreciation expense for each of the...
-
In May 2010, the budget committee of Dalby Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $500,000, July $600,000....
-
What is the role of emergent behavior in complex adaptive systems within organizations? Explain in details
-
Hospital Value-Based Purchasing Program Hospital Readmission Reduction Program Physician Quality Reporting System (which was transitioned into MIPS) Research these three programs which reward...
-
2. Consider U(x, y) = x-2y a. Find the Marginal Utilities, MUx and MUy. What do the marginal utilities imply about how a consumer values goods x and y? b. Fill in the table below with the x value...
-
Steven is seventeen, is 6'2" and 230 pounds with a short goatee, and he looks to be in his mid-20s. He has been married to his high school sweetheart Tabitha for six months; they have a newborn...
-
In English, react to the text by writing about what is important to you in your ideal job. Discuss what is more important to you... a well-paid job, a fun job, a purposeful career, etc. Use the ideas...
-
In problem, graph each polynomial function. f(x) = x 4 - 3x 4 - 4
-
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
-
The Sticky Company makes candy. The continuous production operation starts in the mixing department where the chocolate, sugar, water, and other ingredients are blended. It then moves to the second...
-
1. The directors of the firm where you work have asked you to explain whether the job order cost accounting system or the process cost accounting system provides the more accurate costs for each unit...
-
The percentage complete for the beginning and ending inventory is an important figure to determine the cost of the work in process inventory and the finished goods inventory. If the ending finished...
-
On-campus corporate presentations: Sympathy for the Devil Many students complain about the high number of corporate presentations taking place both on- and off-campus. In this question, we seek to...
-
How do organizations cultivate a culture of open innovation, leveraging crowdsourcing platforms, collaborative networks, and cross-industry partnerships to harness external knowledge and drive...
-
Braeden Sim is the accountant for Sim's Internet Service. From the following information, his task is to construct a balance sheet as of April 30, 201X, in proper form. Could you help him? (Click the...
Study smarter with the SolutionInn App