Question: Can someone please solve 2b please. I have included 2a if that is needed. Please be sure to do 2B and not 2A I will
Can someone please solve 2b please. I have included 2a if that is needed. Please be sure to do 2B and not 2A I will be sure to upvote thanks.
Can someone please answer 2a. Thanks



2A Solution-

List of Accounts-
Accumulated Amortization - Patent
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated Depreciation - Equipment A
Accumulated Depreciation - Equipment B
Accumulated Depreciation - Furniture
Accumulated Depreciation - Machinery
Accumulated Depreciation - Machinery X
Accumulated Depreciation - Machinery Y
Accumulated Depreciation - Packaging Equipment
Accumulated Depreciation - Processing Equipment
Accumulated Depreciation - Sat. A
Accumulated Depreciation - Sat. B
Accumulated Depreciation - Trucks
Accumulated Depreciation - Vehicles
Accumulated Impairment Losses - Buildings
Accumulated Impairment Losses - Equipment
Accumulated Impairment Losses - Patent
Amortization Expense - Franchise
Amortization Expense - Patent
Buildings
Cash
Depreciation Expense
Depreciation Expense - Machine
Equipment
Equipment A
Equipment B
Franchises
Furniture
Gain on Disposal
Goodwill
Income Tax Expense
Land
Land Improvements
Loss on Disposal
Loss on Impairment
Machinery
Machine X
Machine Y
No Entry
Notes Payable
Other Operating Expenses
Packaging Equipment
Patents
Processing Equipment
Rent Expense
Sat. A
Sat. B
Salaries and Wages Expense
Truck
Vehicles
Prepare all necessary journal entries for 2024,2025 , and 2026 related to each of the following scenarios: (a) On January 1, 2024, Sandhill Ltd. purchased a piece of machinery for $30,750. At the time, management determined that the machinery would have a residual value of $3,150 at the end of its 10 -year life. Sandhill has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem statement. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts List all debit entries before credit entries.) life. Sandhill has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem stateme the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entrie Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Note: Depreciation is calculated by Cost less residual value divided by useful years Prepare all necessary journal entries for 2024,2025 , and 2026 related to each of the following scenarios: (a) On January 1, 2024, Sandhill Ltd. purchased a piece of machinery for $30,750. At the time, management determined that the machinery would have a residual value of $3,150 at the end of its 10 -year life. Sandhill has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem statement. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts List all debit entries before credit entries.) life. Sandhill has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem stateme the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entrie Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Note: Depreciation is calculated by Cost less residual value divided by useful years
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