Question: Journal Entry - Record the following Transaction with the proper DT/CT Accounts - (a) Company purchased a manufacturing printing machine at 68000 with 7 years

Journal Entry - Record the following Transaction with the proper DT/CT Accounts -

(a) Company purchased a manufacturing printing machine at 68000 with 7 years of estimated useful life and additional cost at the end of useful life of 2000 for utilization of dyes. Record depreciation under Straight line depreciation for 1 year

(b) Company signed an employment agreement with the new employee. The employee will start working next month with net salary of 3800

(c) The companys employees repaired a production machine as a result of which estimated useful life of property plant and equipment increased by two years. Current value of equipment 12,000, work of employees 1000

(d) The company is providing marketing services for another company. Value of contact 8000. Contract not completed yet.

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