Question: Prepare a journal entry to record the depreciation calculated in requirement 2. (Do not round intermediate calculations. If no entry is required for a transaction/event,
Prepare a journal entry to record the depreciation calculated in requirement 2. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
Record the depreciation expense for the three used machines at the end of the quarter.
Note: Enter debits before credits.
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