$7$:$28$

$92$

Bilal Khan $()$

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$11$ Jun $2025$ at $7$:$27$ PM $>$

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$(1)$ Barb's Florists purchased a small delivery truck on January $1,2020$

Cost $$50,000$

Expected salvage value $$$,000$

Estimated useful life in years $5$

Required: Provide the journal entry for depreciation using the following methods. $($Note: Different years$)$

$($a$)$ Depreciation for $2024$ using Straight$-$Line method$(10$pts$)$

$($b$)$ Depreciation for $2024$ using Double$-$Declining Balance$(10$pts$)$

$[2]$ Dongguk sold $$10,000,$ five$-$year, $10\%$ bonds on January $1,2020.$ The market $($effective$)$ interest rate is $8\%$ and interest is payable on Dec $31.$ of each year $($once a year$).$ Prepare the journal entry at the issuance on Jan $1,2020.($Please use the attached TVM table and round your answers up to $4$ decimal places$)(10$pts$)$

$[3]$ Buddha sold $$12,000,$ four$-$year, $10\%$ bonds on January $1,2020.$ The market $($effective$)$ interest rate is $12\%$ and interest is payable on Dec $31.$ of each year $($once a year$).$ Prepare the journal entry at the issuance on Jan $1,2020.($Please use the attached TVM table and round your answers up to $4$ decimal places$)(10$pts$)$

$[$Q$4-$Q$6]$ A company just starting business made the following four inventory purchases in June:

$\backslash$table$[[$June$,1,150$ units,$$,5,200],[$June$,10,200$ units,,$7,800],[$June$,15,200$ units,,$8,400],[$June$,28,150$ units,,$6,600],[,,,$Total:,$$28,{000}_{?}$