$!$

Part $2$ af $2$

$0\mathrm{.}71$

points

$804$:$0612$

Refierences

Requlred information

During the current year ending on December $31,$ BSpifompony formpleted the following transactions: accounts receivable with a fair value of $$13\mathrm{.}000$ and prop thy ond equipment with o foir volue of $$136\mathrm{.}000($with o indefinite life.

c$.$ On December $31,$ constructed a storoge shed of ond bap from H$.$ Heold. The cost of the shed was $$17,600.$ The company uses straight$-$line depreciation. The fouf him expine in ten yfers. A nounts spent to enhonce leased property

d$.$ Totol expenditures for ordinary fepairs why $56.200$ during the current yeor.

e$.$ On December $31$ of the current year, sold Mochine $4$ for $$6,900$ cash Original cost was $$22,000$; accumulated depreciation to December $31$ of the prior yeer was $$15.40.0$ on $0$ straight$-$ine besis with o $$3\mathrm{.}200$ residual value and five$-$yeor useful life$).$ Record the depreciation expense in wansoction e$(1$ ond the sele in transoction e$(2).$

f On December $31$ of the current year, paid $$6,700$ for a complete recond tioning of Machine $8$ acquired on Jenuery $1$ of the prior year. Original coss$.$ $$27,400$; accumuleted depreciation to December $31$ of the prior yeer was $$1,900($on a straight$-$line bosis with a $$8,400$ residual value ond $10-y$ es us ful lifel.

$2.$ For each of these the assets involved in trans:actions $($o$)$ through of $,$ record the edjusting entry for depreciation or a mortization expense at the end of the current year

Note: If no entry is required for a transactionievent, select "Nojournal entry required" In the first account field.

Journal entry worksheet

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$(1)$

$(2)$

flm

$(4.$

$5-8$

$5-8$

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