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madreJ [45]
2 years ago
9

), AP At the end of its first year, the trial balance of Wolowitz Company shows Equipment $30,000 and zero balances in Accumulat

ed Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,750. Prepare the annual adjusting entry for depreciation at December 31, post the adjustments to T-accounts, and indicate the balance sheet presentation of the equipment at December 31.
Business
1 answer:
Sliva [168]2 years ago
3 0

Based on the depreciation balances and the equipment, the adjustments to the T-accounts and the Balance sheet will be:

Date               Account title                                                Debit         Credit

December 31  Depreciation expense                           $3,750

                      Accumulated depreciation on                                    $3,750

                      equipment

                                                    T account

                                    Depreciation expense Equipment

                                                                    December 31                  $3,750

                                                 T account

                                   Accumulated Depreciation on Equipment

                                                                    December 31                  $3,750

                                             Balance sheet presentation

Assets

Property, Plant, and Equipment:

Equipment                                                            $30,000

Less: Accumulated depreciation                   <u>        ($3,750)         </u>

      Equipment (Net book value)                                                  <u>  $26,250</u>

<h3>What are the entries?</h3>

Depreciation of $3,750 will be debited to the depreciation expense account. The accumulated depreciation account will be credited by the same amount.

In the balance sheet, the equipment value will be reduced by the depreciation amount to $26,250.

Find out more on depreciation at brainly.com/question/1287985.

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Answer: $1312.41

Explanation:

The following information can be depicted from the question:

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Therefore, since discount allowed is 3%, the complement of the discount rate will be:

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Therefore, amount needed to pay will be:

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= $1353 × 97%

= $1353 × 0.97

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Therefore, the amount needed to pay is $1312.41

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2 years ago
The Equal Employment Opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission, an agency created by the
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The equal opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission by

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<h3>What is the Equal Employment Opportunity Act?</h3>

This is the act of the government that helps to ensure that all employers treat people of the US in all befitting ways regardless of their genders, race and skin.

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4 0
2 years ago
If Janet decides to wear her favorite red shirt instead of her favorite blue dress, she is making what?
tatuchka [14]

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A company's strategy evolves over time as a consequence of : Select one: a. The need to keep strategy in step with changing mark
Ksju [112]

Answer:

The correct answer is the option D: All of the above.

Explanation:

To begin with, a company's primary strategy that focus on completing the main goal of the company of increasing the sales and with that the profits is considered to be the most important element that the business has in order to keep existing and therefore that as the time passes and the context around the organization changes, that strategy evolves. And there are a lot of reasones why that could happen, including the market conditions that vary over the pass of years as well as the need to react to the competitors decisions in order to keep fighting for the market. And other consequence that may help the change of the strategy is the effort itself of managers to make the strategy better as ideas turn to came out.

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3 years ago
Suppose total benefits and total costs are given by B(Y) = 100Y − 8Y2 and C(Y) = 10Y2. Then marginal benefits are: 14) ______
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Answer:

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Explanation:

The computation of the marginal benefit is shown below:

The marginal functions represent the derivatives with respect to the total functions as compared to Y.

so, the marginal benefit function is MB(Y)=dB(Y) ÷ dY

d (100Y - 8Y^2} ÷ dY

= 100 -16Y

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