Adjustment for depreciation Instructions Chart of Accounts Journal Instructions The estimated amount of depreciation on equipment...
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Adjustment for depreciation Instructions Chart of Accounts Journal Instructions The estimated amount of depreciation on equipment for the current year is $14,400 Journalize the adjusting entry to record the depreciation. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Adjustment for depreciation Instructions Chart of Accounts Journal In Chart of Accounts E Th Jo ex ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends. REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense Instructions Chart of Accounts Journal Journal Joumalize the adjusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. 1 2 5 DATE Dec. 31 DESCRIPTION Adjusting Entries JOURNAL POST. REF. DEBIT Score: 2/25 Shaded cells have feedback. CREDIT PAGE 10 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY Adjustment for depreciation Instructions Chart of Accounts Journal Instructions The estimated amount of depreciation on equipment for the current year is $14,400 Journalize the adjusting entry to record the depreciation. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Adjustment for depreciation Instructions Chart of Accounts Journal In Chart of Accounts E Th Jo ex ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends. REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense Instructions Chart of Accounts Journal Journal Joumalize the adjusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. 1 2 5 DATE Dec. 31 DESCRIPTION Adjusting Entries JOURNAL POST. REF. DEBIT Score: 2/25 Shaded cells have feedback. CREDIT PAGE 10 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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