Question: please help the fourth option for the answer is 2820 Jing Company was started on January 1, Year 1when it issued common stock for $33.000
Jing Company was started on January 1, Year 1when it issued common stock for $33.000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $15.700 cash. The equipment was delvered under terms FOB shipping point, and transportation cost was $1800. The equipment had a five year useful Ife and a $6,200 expected salvage value. Deprecia Expected Deprecia Year Assume thal Jing Company earned $21.400 cash revenue and incurred $13,500 in cash expenses in Year 3. Using straight-Ine deprediatlion and assuming that the office equipment was sol on December 31, Year 3 for $10.400. the amount of net income ot (loss) appearing on the December 31, Yeat 3 income statement would be Purchase Adate Multiple Choice Amount of de $128 $5.320 Amount of acc $11.200 $1,620) Comment > $4680 rime Proj. docx
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