[ Select ] [ Select ] [ Select ] Your Co. needs to record the adjusting entry at FYE July 31, using the Straight-Line method, for the use of the equipment placed into operations on April 1. Equipment cost is $19,000 with an estimated salvage value of $520 and an estimated life of 7 years. Record the adjusting entry on July 31. Date Account Title Debit 7/31 [ Select ] [ Select ] [ Select ] [ Select ] ve Previous Next on Not saved Submit Quiz wser GuardTM Il app.honorlock.com is sharing your screen. Stop sharing Hide Exam Guidelines Proc Wind 30,443 MacBook Air DII DD F9 F5 F6 F7 F8 F10 F4 % & PK 9 O 4 5 6 8 R T Y U Otory Bookmarks Profiles Tab Window Help 88%Sat 10:01 for Final Exam structure.com/courses/128065/quizzes/472102/take/questions/11340343 D Question 2 15 pts Question Time Running: Instructions for recording entries: Attempt due: Dec 1 Hour, 55 Min All account(s) and amount(s) to be debited must be entered first before entering account(s) and amount(s) to be credited. 24/7 Proctorin Select the account from the drop-down menu. If there is more than one debit and/or more than one credit, record the accounts in alphabetic order. Calculate Select the amount from the drop-down menu. If there is no amount to be Live Ch recorded in either the debit or credit column, select 0 (for zero). In other words, every blank must be filled. 1 Phone On April 1, Your Co. received cash of $56,000 and equipment of $19,000 in exchange for 12,000 shares of common stock (par value of $2). Record the entry jeep on April 1. Date Account Title Debit 4/1 Cash 56000 Equipment 19000 [ Select ] [ Select ] [ Select ] ive [ Select ] [ Select ] [ Select ] jon Your Co. needs to record the adjusting entry at FYE July 31, using the Straight-Line ad into pril 1 II app.honorlock.com is sharing your screen. Stop sharing Hide Proctor Exam Guidelines wser GuardTM Window 3 30,443 2 O MacBook Air DII DD F 8 F9 F10 FA F5 F6 F7 % & 7 8 9 O 5 6Th O ructor Final Exam X 880 .instructure.com/courses/128065/quizzes/472102/take/questions/11340344 Show Instructions D Question 3 16 pts Time Ru On 10/01, Your Company purchases Building, Equipment and Land for $700,000 Attempt by signing a note. The appraised value of the assets are as follows: 1 Hour Building of $442,000, Equipment of $34,000, Land of $204,000 24/7 Record the purchase on 10/01 by filling in the amount in the appropriate blank. Do NOT enter commas or dollar signs. EN Date Account Title Debit Credit Deep 10/01 Building Equipment ms Land Note Payable Drive Your Co. needs to record the adjusting entry at FYE November 30 to accrue tion interest on the Note Payable from October 1. The interest on the note is 3%. Record the adjusting entry on 11/30 by filling in the amount in the appropriate Procto Il app.honorlock.com is sharing your screen. Stop sharing Hide Exam Guidelines Wind owser GuardTM 30,443 2 rk MacBook Air DII DD F9 F10 F6 F7 F 8 F4 F5 % O 6 8 588 cc.instructure.com/courses/128065/quizzes/472102/take/questions/11340344 Note Payable ck Your Co. needs to record the adjusting entry at FYE November 30 to accrue interest on the Note Payable from October 1. The interest on the note is 3%. ons Record the adjusting entry on 11/30 by filling in the amount in the appropriate blank. For account, use Title Case format, Ex.: Accounts Payable . For amount, do NOT enter commas or dollar signs. us Deep Date Account Title Debit Credit OOO 11/30 eams eams heDrive Previous Next vention Not saved Submit Quiz Browser GuardTM II app.honorlock.com is sharing your screen. Stop sharing Hide Exam Guidelines 30,443 2 rk 8 MacBook Air DII DD 30 F9 F5 F6 F7 F8 F4 % & 9 0 5 8