Question: please make it clear!! Wiater Company operates a small manufacturing facility. On January 1, 2018, an asset account for the company showed the following balances:

please make it clear!!  please make it clear!! Wiater Company operates a small manufacturing facility.
On January 1, 2018, an asset account for the company showed the
following balances: Equipment Accumulated Depreciation (beginning of the year) $331,000 229,500 During
the first week of January 2018, the following expenditures were incurred for
repairs and maintenance: Routine maintenance and repairs on the equipment Major overhaul

Wiater Company operates a small manufacturing facility. On January 1, 2018, an asset account for the company showed the following balances: Equipment Accumulated Depreciation (beginning of the year) $331,000 229,500 During the first week of January 2018, the following expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency $ 3,350 39,000 The equipment is being deprecated on a straight-line basis over an estimated life of 20 years with a $25,000 estimated residual value. The annual accounting period ends on December 31. Required: 1. Prepare the adjusting journal entry that would have been made at the end of 2017 for depreciation on the manufacturing equipment 2. Starting at the beginning of 2018, what is the remaining estimated life? 3. Prepare the journal entries to record the two expenditures for repairs and maintenance during 2018, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 1 Required 2 Required 3 Prepare the adjusting journal entry that would have been made at the end of 2017 for depreciation on the manufacturing (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Starting at the beginning of 2018, what is the remaining estimated life? Remaining Estimated Life years

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