The trial balance of Shutterbug Cameras appears on the work sheet included in your working papers. All
Question:
The trial balance of Shutterbug Cameras appears on the work sheet included in your working papers. All adjustments, except those for depreciation, are already recorded on the work sheet.
Instructions
1. Record the following adjustments for depreciation expense on the work sheet. a. Depreciation for office equipment is $2,500. b. Depreciation for store equipment is $1,200.
2. Complete the work sheet.
3. Prepare an income statement, statement of retained earnings, and balance sheet for Shutterbug Cameras for the year ended December 31.
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Step by Step Answer:
1 a The record for depreciation for office equipment is 2500 is as follows i Accumulated DepreciationOffice Equipment 2000 Salvage Value 0 Add Accumul...View the full answer
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