Question: answer pls as soon as possible Question 6 [8 points] Selected plant and equipment asset balances on December 31, 2013 for Star Inc. are as
answer pls as soon as possible
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Question 6 [8 points] Selected plant and equipment asset balances on December 31, 2013 for Star Inc. are as follows: Furniture $109, 100 Accumulated Depreciation, Fumiture 92,000 Total estimated useful life on the fumiture is 5 years with a residual value of $3,000, depreciated using the double-declining balance mothod to the nearest whole month. The fumiture was sold on July 2, 2014 for cash of $13,680. Prepare joumal entries for the following a. Depreciation of the furniture for 2014 b. The sale of the furniture on July 2 Ensure accuracy in your calculations by rounding only your final answer to the nearest whole dollar). Enter the transaction letter as the description when entering the transactions in the journal. Datos must be entered in the format dd/mmm (.e., January 15 would be 15/Jan). For simplicity, assume the assets are depreciated as individual items and will not be broken into parts and depreciated General Journal Page Gud Dato Account Explanation F Debit Credit
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