Question: how would i do the adjusting entries for these (accumulated depreciation on photography equipment is $12,548) 12. Wages owing as at 31 July are $3,200.

how would i do the adjusting entries for these (accumulated depreciation on photography equipment is $12,548)
12. Wages owing as at 31 July are $3,200. 13. Photography Supplies on hand at 31 July total $850. 14. Depreciation on Photography Equipment is calculated using the Straight Line Method over 6 years with $0 estimated residual value. Round the amount of depreciation to the nearest whole dollar. Note that the calculation is for 1 month only (i.e. July depreciation)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
