Question: PLEASE SHOW YOUR WORK, I WOULD ALSO LIKE TO KNOW HOW TO DO IT. EXPLANATION WOULD BE GREAT. There are 5 questions. Date Price 1ABC
PLEASE SHOW YOUR WORK, I WOULD ALSO LIKE TO KNOW HOW TO DO IT. EXPLANATION WOULD BE GREAT. There are 5 questions.



Date Price 1ABC purchased equipment as follows 6/20/2017 620,000 31,000 Delivery charges Date put into service Salvage value Prepare the following entries Purchase and set up of the equipment Depreciation expense each year until sale or disposal 7/5/2017 75,000 8yr life 9/25/2020 The company disposed of the machine date Prepare the following entries a The equipment is sold for cash amount b The equipment is sold for cash amount cThe equipment is disposed of for no value 496,000 93,000 2|XYZ Mfg has three employees. Prepare payroll entries for the month of November only based on the followin Earned as of 10/31 Earned in Nov Employee Hue Dewe Louie $114,000$12,000 11,000 4,000 136,800 5,700 Federal withholding is 15% State withholding is 5% Social Security 6.2% of the first $120,000 Medicare is 1.5% no ceilin Federal Unemployment is .8% of the first $7,000 State Unemployment is 4.2% of the first $7,000
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